Insider Selling: Sagicor Financial Company Ltd. (TSE:SFC) Director Sells 50,000 Shares of Stock

Sagicor Financial Company Ltd. (TSE:SFC) Director Dodridge Denton Miller sold 50,000 shares of the company’s stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of C$7.86, for a total transaction of C$392,940.00.

Dodridge Denton Miller also recently made the following trade(s):

• On Monday, March 24th, Dodridge Denton Miller sold 183,400 shares of Sagicor Financial stock. The stock was sold at an average price of C$7.85, for a total transaction of C$1,439,745.02.

Sagicor Financial Stock Performance

SFC opened at C$7.94 on Friday. Sagicor Financial Company Ltd. has a twelve month low of C$5.40 and a twelve month high of C$8.40. The firm has a market cap of C$755.76 million, a price-to-earnings ratio of 1.50 and a beta of 0.20. The firm’s 50-day simple moving average is C$7.53 and its 200-day simple moving average is C$6.62.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada decreased their target price on Sagicor Financial from C$9.00 to C$8.50 and set an “outperform” rating on the stock in a research report on Monday, March 17th. National Bankshares lifted their price objective on Sagicor Financial from C$9.50 to C$11.00 and gave the stock an “outperform” rating in a report on Monday, March 17th. Scotiabank upped their target price on Sagicor Financial from C$10.00 to C$12.00 and gave the company an “outperform” rating in a research note on Monday, March 17th. Finally, Acumen Capital raised their target price on Sagicor Financial from C$10.25 to C$11.00 and gave the stock a “buy” rating in a research report on Monday, March 17th.

Sagicor Financial Company Profile

Sagicor Financial Company Ltd., together with its subsidiaries, provides insurance products and related financial services in Jamaica, Barbados, Trinidad, Tobago, other Caribbean region, and the United States. It operates through three segments: Sagicor Jamaica, Sagicor Life, and Sagicor Life USA. The company offers life and health insurance products; employee benefits, including group health and group life benefits; and annuities, asset management, and property and casualty insurance.