Sun Life Financial Inc (TSE:SLF) (NYSE:SLF)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as C$46.04 and last traded at C$46.26, with a volume of 923820 shares. The stock had previously closed at C$47.97.
Several equities research analysts have issued reports on SLF shares. Desjardins lowered their price objective on shares of Sun Life Financial from C$60.00 to C$58.00 in a research report on Tuesday, October 16th. Canaccord Genuity cut their price objective on shares of Sun Life Financial from C$54.00 to C$53.00 in a research note on Friday, November 9th. CIBC lowered their price target on shares of Sun Life Financial from C$59.00 to C$57.00 in a report on Monday, October 29th. Evercore decreased their price objective on shares of Sun Life Financial from C$60.50 to C$60.00 in a report on Monday, October 15th. Finally, BMO Capital Markets decreased their price objective on shares of Sun Life Financial from C$62.00 to C$60.00 in a report on Friday, August 10th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of C$57.71.
The company has a current ratio of 386.56, a quick ratio of 361.33 and a debt-to-equity ratio of 19.21.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Wednesday, November 28th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.34%. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Tuesday, November 27th. Sun Life Financial’s dividend payout ratio is 52.92%.
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Sun Life Financial Company Profile (TSE:SLF)
Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients, high-net-worth individuals, and families. It operates through Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate segments.
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