Stephanie Coyles buys 500 shares of Sun Life Financial Inc. (TSE:SLF)

Sun Life Financial Inc. (TSE:SLF – Free Report) (NYSE:SLF) Director Stephanie Coyles bought 500 shares of the company’s stock in a transaction that occurred on Thursday, August 15. The shares were bought at an average price of C$70.00 per share, for a total value of C$35,000.00. Following the completion of the acquisition, the director now owns 500 shares of the company’s stock, valued at approximately C$35,000.

Price development of Sun Life Financial shares

Shares of TSE:SLF opened at C$71.64 on Friday. The company’s 50-day moving average is C$67.49 and its 200-day moving average is C$70.04. The company has a market cap of C$41.39 billion, a P/E ratio of 13.57, a PEG ratio of 1.25 and a beta of 0.96. The company has a debt-to-equity ratio of 46.18, a quick ratio of 84,866.00 and a current ratio of 65.29. Sun Life Financial Inc. has a one year low of C$61.84 and a one year high of C$74.94.

Sun Life Financial announces dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Wednesday, August 28th will receive a dividend of $0.81 per share. The ex-dividend date of this dividend is Wednesday, August 28th. This represents an annualized dividend of $3.24 and a dividend yield of 4.52%. Sun Life Financial’s dividend payout ratio is currently 61.36%.

Wall Street analysts predict growth

Several equities analysts have commented on SLF shares. Jefferies Financial Group raised their price target on shares of Sun Life Financial from C$78.00 to C$81.00 and gave the company a “buy” rating in a research note on Wednesday. Royal Bank of Canada raised their price target on Sun Life Financial from C$76.00 to C$78.00 and gave the company an “outperform” rating in a research note on Wednesday. BMO Capital Markets lowered their price target on Sun Life Financial from C$80.00 to C$79.00 and gave the company an “outperform” rating in a research note on Monday, May 13th. National Bankshares raised their price target on Sun Life Financial from C$72.00 to C$73.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 13th. Finally, TD Securities decreased their price target on shares of Sun Life Financial from $73.00 to $72.00 and gave the company a “hold” rating in a research report on Tuesday, August 13. Two analysts have rated the stock with a “hold” rating and seven have given a “buy” rating. The stock currently has a consensus rating of “Moderate Buy” and an average price target of $76.10, according to data from MarketBeat.com.

Check out our latest stock analysis on SLF

Sun Life Financial Company Profile

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Sun Life Financial Inc. is a financial services company that provides savings, retirement and annuity products worldwide. The company operates through five segments: Asset Management, Canada, United States, Asia and Corporate. It offers a variety of insurance products, including term and endowment life insurance, health insurance (including prescription drug, dental and vision), critical illness, long-term care and disability insurance, and reinsurance.