Great-West Lifeco Inc. (TSE:GWO) Director Sells C$1,383,300.00 in Stock

Great-West Lifeco Inc. (TSE:GWO) Director Charles Donald Harvey Henaire sold 26,100 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of C$53.00, for a total transaction of C$1,383,300.00.

Great-West Lifeco Price Performance

TSE:GWO opened at C$53.41 on Friday. The company has a market capitalization of C$49.73 billion, a P/E ratio of 12.22, a P/E/G ratio of 2.26 and a beta of 0.84. Great-West Lifeco Inc. has a 1 year low of C$38.44 and a 1 year high of C$53.94. The business has a fifty day simple moving average of C$48.49 and a two-hundred day simple moving average of C$47.17.

Great-West Lifeco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were given a dividend of $0.555 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $2.22 dividend on an annualized basis and a yield of 4.16%. Great-West Lifeco’s dividend payout ratio is presently 50.79%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on GWO shares. CIBC raised Great-West Lifeco from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from C$56.00 to C$60.00 in a research note on Friday, February 7th. Barclays raised their target price on Great-West Lifeco from C$45.00 to C$46.00 in a research note on Monday, January 6th. Cibc World Mkts upgraded shares of Great-West Lifeco from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 6th. Scotiabank increased their price objective on Great-West Lifeco from C$59.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Finally, TD Securities upgraded shares of Great-West Lifeco from a “hold” rating to a “buy” rating and increased their target price for the company from C$49.00 to C$53.00 in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Great-West Lifeco has a consensus rating of “Hold” and a consensus price target of C$52.22.

Great-West Lifeco Company Profile

Great-West Lifeco is one of the three big Canadian life insurance firms. With just under half of the firm’s profit and revenue in Canada, Great-West also operates in the U.S. and Europe. In Canada, Great-West provides both individual and group insurance. In the United States, Great-West operates Putnam Investments and defined-contribution recordkeeping firm Empower Retirement.