Sun Life Financial (TSE:SLF) Price Target Lowered to C$93.00 at National Bankshares

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target trimmed by National Bankshares from C$95.00 to C$93.00 in a research note issued to investors on Thursday,BayStreet.CA reports. They currently have an outperform rating on the financial services provider’s stock.

Several other analysts have also issued reports on SLF. CIBC upped their price target on shares of Sun Life Financial from C$96.00 to C$97.00 in a research report on Thursday, January 30th. Scotiabank upped their price target on shares of Sun Life Financial from C$85.00 to C$96.00 in a research report on Thursday, November 14th. Cormark upped their price target on shares of Sun Life Financial from C$82.00 to C$85.00 in a research report on Tuesday, November 5th. Barclays increased their target price on shares of Sun Life Financial from C$82.00 to C$87.00 in a report on Monday, January 6th. Finally, TD Securities increased their target price on shares of Sun Life Financial from C$81.00 to C$87.00 and gave the stock a “hold” rating in a report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$87.10.

Sun Life Financial Stock Down 0.3 %

Shares of TSE:SLF opened at C$78.20 on Thursday. The firm has a fifty day moving average of C$84.34 and a 200 day moving average of C$79.58. The company has a debt-to-equity ratio of 26.00, a quick ratio of 84,866.00 and a current ratio of 92.19. Sun Life Financial has a 52-week low of C$64.38 and a 52-week high of C$88.54. The firm has a market capitalization of C$44.67 billion, a PE ratio of 11.80, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94.

Sun Life Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Wednesday, February 26th will be paid a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 4.30%. Sun Life Financial’s payout ratio is currently 48.87%.

Sun Life Financial Company Profile

Sun Life Financial is one of Canada’s Big Three life insurance companies along with Great-West Lifeco and Manulife. Sun Life provides insurance, retirement, and wealth-management services to individual and corporate customers in Canada, the United States, and Asia. It also owns MFS Investment Management, a Boston-based asset-management firm.