Sun Life Financial (TSE:SLF) Reaches New 1-Year Low – What’s Next?

Shares of Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$15.81 and last traded at C$76.51, with a volume of 793423 shares traded. The stock had previously closed at C$77.55.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Scotiabank decreased their price target on Sun Life Financial from C$98.00 to C$94.00 in a research note on Friday, February 14th. National Bankshares decreased their target price on shares of Sun Life Financial from C$95.00 to C$93.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. National Bank Financial raised shares of Sun Life Financial from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Barclays upped their price target on shares of Sun Life Financial from C$82.00 to C$87.00 in a research note on Monday, January 6th. Finally, Royal Bank of Canada set a C$82.00 price objective on shares of Sun Life Financial and gave the company an “outperform” rating in a research note on Monday, March 17th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Sun Life Financial presently has an average rating of “Moderate Buy” and a consensus target price of C$87.00.

Sun Life Financial Trading Down 1.2 %

The firm has a market capitalization of C$43.75 billion, a price-to-earnings ratio of 11.55, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94. The company has a quick ratio of 84,866.00, a current ratio of 92.19 and a debt-to-equity ratio of 26.00. The firm’s 50 day moving average is C$80.85 and its 200 day moving average is C$81.91.

Sun Life Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were given a dividend of $0.84 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.39%. Sun Life Financial’s dividend payout ratio (DPR) is presently 48.87%.

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.