Jacques Jr. Goulet Sells 44,199 Shares of Sun Life Financial Inc. (TSE:SLF) Stock

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) Senior Officer Jacques Jr. Goulet sold 44,199 shares of the business’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of C$88.17, for a total transaction of C$3,897,025.83.

Jacques Jr. Goulet also recently made the following trade(s):

• On Tuesday, May 13th, Jacques Jr. Goulet sold 26,812 shares of Sun Life Financial stock. The stock was sold at an average price of C$87.21, for a total transaction of C$2,338,274.52.

Sun Life Financial Stock Performance

Sun Life Financial stock opened at C$88.54 on Wednesday. The company has a debt-to-equity ratio of 26.00, a current ratio of 92.19 and a quick ratio of 84,866.00. Sun Life Financial Inc. has a 1-year low of C$64.38 and a 1-year high of C$89.73. The firm has a market capitalization of C$50.57 billion, a P/E ratio of 13.35, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94. The company’s 50-day moving average is C$83.59 and its 200 day moving average is C$83.25.

Sun Life Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 30th will be given a dividend of $0.88 per share. The ex-dividend date is Wednesday, May 28th. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.84. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.98%. Sun Life Financial’s dividend payout ratio (DPR) is 48.87%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SLF. Royal Bank of Canada boosted their target price on shares of Sun Life Financial from C$82.00 to C$88.00 in a report on Monday, May 12th. National Bankshares reduced their target price on shares of Sun Life Financial from C$95.00 to C$93.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. TD Securities upped their price target on shares of Sun Life Financial from C$83.00 to C$86.00 and gave the company a “hold” rating in a report on Friday, May 9th. Barclays reduced their price objective on shares of Sun Life Financial from C$87.00 to C$86.00 in a research report on Friday, May 9th. Finally, CIBC reduced their price objective on shares of Sun Life Financial from C$94.00 to C$89.00 and set an “outperform” rating on the stock in a research report on Thursday, May 1st. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$86.89.

About Sun Life Financial

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.