Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target cut by Barclays from C$58.00 to C$54.00 in a research note published on Friday morning.

A number of other equities research analysts also recently weighed in on the company. Canaccord Genuity dropped their target price on Sun Life Financial from C$54.00 to C$53.00 in a research report on Friday. BMO Capital Markets dropped their target price on Sun Life Financial from C$60.00 to C$56.00 in a research report on Friday. Evercore ISI dropped their target price on Sun Life Financial from C$60.00 to C$59.00 in a research report on Thursday. Evercore dropped their target price on Sun Life Financial from C$60.00 to C$59.00 in a research report on Thursday. Finally, National Bank Financial dropped their target price on Sun Life Financial from C$59.00 to C$55.00 and set an outperform rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Sun Life Financial currently has a consensus rating of Buy and a consensus target price of C$57.71.

Sun Life Financial stock traded down C$0.18 on Friday, reaching C$48.45. The company’s stock had a trading volume of 1,192,800 shares, compared to its average volume of 1,099,038. The company has a debt-to-equity ratio of 18.98, a current ratio of 481.58 and a quick ratio of 448.92. Sun Life Financial has a twelve month low of C$46.96 and a twelve month high of C$56.09.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last released its earnings results on Wednesday, August 8th. The financial services provider reported C$1.20 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.15 by C$0.05. The firm had revenue of C$6.83 billion for the quarter. On average, equities analysts expect that Sun Life Financial will post 5.01311658165698 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Wednesday, November 28th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, November 27th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.13%. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.48. Sun Life Financial’s payout ratio is presently 46.50%.

In other news, insider Stephen Peacher sold 89,485 shares of the business’s stock in a transaction on Thursday, September 6th. The stock was sold at an average price of C$51.39, for a total transaction of C$4,598,634.15.

About Sun Life Financial

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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Analyst Recommendations for Sun Life Financial (TSE:SLF)

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