Fri Sep 20 11:39:34 UTC 2024: ## Sagicor Financial Director Makes Stock Purchase Amid Analyst Downgrades
**Toronto, Canada – September 20, 2024** – Alan Kenneth Ryder, a director at Sagicor Financial Company Ltd. (TSE:SFC), purchased 3,200 shares of the company’s stock on Friday, September 13th, at an average price of C$5.81 per share, totaling C$18,592.00. This purchase comes amidst a recent trend of analyst downgrades for Sagicor Financial.
Royal Bank of Canada lowered their target price on SFC shares from C$9.00 to C$8.50, maintaining an “outperform” rating, while Scotiabank also dropped their price objective from C$10.00 to C$9.00, also holding an “outperform” rating.
Sagicor Financial provides a range of insurance products and financial services across the Caribbean and the United States. The company operates through three segments: Sagicor Jamaica, Sagicor Life, and Sagicor Life USA.
The company’s stock opened at C$5.60 on Friday, with a market cap of C$789.99 million. The P/E ratio is 1.28, and the beta is 0.21. Sagicor Financial’s 50-day moving average sits at C$6.03, with a 12-month low of C$4.78 and a 12-month high of C$7.41.
Ryder’s recent purchase, despite recent analyst downgrades, suggests potential confidence in the company’s future prospects. However, investors are encouraged to stay informed about future developments and analyst opinions.
First Piper 