Insider Selling: Sun Life Financial Inc (TSE:SLF) Senior Officer Sells 17,730 Shares of Stock

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Sun Life Financial Inc (TSE:SLF) (NYSE:SLF) Senior Officer Colm Joseph Freyne sold 17,730 shares of Sun Life Financial stock in a transaction on Thursday, June 6th. The stock was sold at an average price of C$53.54, for a total value of C$949,264.20.

Shares of SLF stock opened at C$53.37 on Wednesday. Sun Life Financial Inc has a twelve month low of C$43.13 and a twelve month high of C$55.97. The stock has a market capitalization of $31.94 billion and a P/E ratio of 13.05. The company has a debt-to-equity ratio of 18.26, a current ratio of 483.92 and a quick ratio of 451.94.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last posted its quarterly earnings results on Wednesday, May 8th. The financial services provider reported C$1.20 EPS for the quarter, missing the consensus estimate of C$1.21 by C($0.01). The business had revenue of C$11.39 billion during the quarter. On average, analysts expect that Sun Life Financial Inc will post 5.4399998 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Wednesday, May 29th will be issued a $0.525 dividend. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, May 28th. This represents a $2.10 annualized dividend and a yield of 3.93%. Sun Life Financial’s payout ratio is 47.68%.

SLF has been the subject of several analyst reports. National Bank Financial boosted their target price on shares of Sun Life Financial from C$55.00 to C$58.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. BMO Capital Markets boosted their target price on shares of Sun Life Financial from C$56.00 to C$57.00 in a research note on Friday, February 15th. Cormark set a C$54.00 target price on shares of Sun Life Financial in a research note on Friday, February 15th. CIBC downgraded shares of Sun Life Financial from a “neutral” rating to an “underperform” rating and boosted their target price for the company from C$53.00 to C$54.00 in a research note on Thursday, March 14th. Finally, Desjardins boosted their target price on shares of Sun Life Financial from C$58.00 to C$59.00 in a research note on Monday, April 15th.

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About Sun Life Financial

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. The company operates through five segments: Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate.

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