Sun Life Financial Inc. (TSE:SLF) Senior Officer Linda Dougherty Purchases 5,800 Shares

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) Senior Officer Linda Dougherty acquired 5,800 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was bought at an average price of C$84.83 per share, for a total transaction of C$492,014.00.

Linda Dougherty also recently made the following trade(s):

• On Thursday, September 12th, Linda Dougherty sold 2,000 shares of Sun Life Financial stock. The stock was sold at an average price of C$75.30, for a total transaction of C$150,590.00.

Sun Life Financial Stock Performance

Shares of SLF opened at C$84.88 on Friday. Sun Life Financial Inc. has a 52 week low of C$64.38 and a 52 week high of C$86.39. The company has a quick ratio of 84,866.00, a current ratio of 65.29 and a debt-to-equity ratio of 53.77. The stock has a market cap of C$48.93 billion, a P/E ratio of 16.08, a P/E/G ratio of 1.33 and a beta of 0.94. The business’s 50 day moving average price is C$78.56 and its 200-day moving average price is C$72.32.

Sun Life Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.84 dividend. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.81. This represents a $3.36 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date is Wednesday, November 27th. Sun Life Financial’s dividend payout ratio is currently 61.36%.

Analyst Ratings Changes

A number of research firms have commented on SLF. CIBC increased their price objective on Sun Life Financial from C$90.00 to C$96.00 in a report on Wednesday. Royal Bank of Canada boosted their price objective on shares of Sun Life Financial from C$78.00 to C$82.00 in a research report on Wednesday, November 6th. Jefferies Financial Group raised their target price on shares of Sun Life Financial from C$90.00 to C$94.00 in a research report on Thursday. Barclays boosted their price target on shares of Sun Life Financial from C$79.00 to C$82.00 in a research report on Thursday. Finally, National Bankshares raised their price objective on shares of Sun Life Financial from C$72.00 to C$73.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 13th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$84.18.

About Sun Life Financial

Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. The company operates in five segments: Asset Management, Canada, U.S., Asia, and Corporate. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability, as well as reinsurance.