Great-West Lifeco Inc. (TSE:GWO) Senior Officer David Martin Harney Sells 9,300 Shares of Stock

Great-West Lifeco Inc. (TSE:GWO) Senior Officer David Martin Harney sold 9,300 shares of the business’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of C$52.14, for a total transaction of C$484,931.76.

David Martin Harney also recently made the following trade(s):

• On Thursday, January 2nd, David Martin Harney sold 562 shares of Great-West Lifeco stock. The shares were sold at an average price of C$47.55, for a total transaction of C$26,721.58.

Great-West Lifeco Stock Performance

Shares of GWO opened at C$51.12 on Wednesday. The company’s 50-day simple moving average is C$49.42 and its 200-day simple moving average is C$47.79. The stock has a market capitalization of C$47.59 billion, a PE ratio of 11.70, 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$54.64.

Great-West Lifeco Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 31st will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 4.77%. This is a positive change from Great-West Lifeco’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Monday, March 3rd. Great-West Lifeco’s dividend payout ratio (DPR) is 50.79%.

Analysts Set New Price Targets

Several brokerages recently issued reports on GWO. TD Securities upgraded shares of Great-West Lifeco from a “hold” rating to a “buy” rating and boosted their price target for the company from C$49.00 to C$53.00 in a research report on Friday, February 7th. Barclays boosted their price target on shares of Great-West Lifeco from C$45.00 to C$46.00 in a research report 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 report on Thursday, February 6th. Desjardins upped their price objective on shares of Great-West Lifeco from C$49.00 to C$53.00 and gave the stock a “hold” rating in a report on Friday, February 7th. Finally, Royal Bank of Canada upped their price objective on shares of Great-West Lifeco from C$51.00 to C$53.00 and gave the stock a “sector perform” rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Great-West Lifeco currently has an average rating of “Hold” and an average 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.