Great-West Lifeco Inc. (TSE:GWO) Director Sells C$244,827.70 in Stock

Great-West Lifeco Inc. (TSE:GWO) Director Christine Marie Moritz sold 4,700 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of C$52.09, for a total transaction of C$244,827.70.

Great-West Lifeco Stock Up 0.6 %

TSE:GWO traded up C$0.33 during trading hours on Monday, reaching C$52.04. 235,414 shares of the stock were exchanged, compared to its average volume of 1,635,214. The stock has a market cap of C$48.51 billion, a PE ratio of 13.08, a PEG ratio of 2.26 and a beta of 0.84. Great-West Lifeco Inc. has a twelve month low of C$38.44 and a twelve month high of C$52.48. The firm has a 50 day moving average of C$47.35 and a 200 day moving average of C$46.13. The company has a debt-to-equity ratio of 29.61, a current ratio of 37.46 and a quick ratio of 22.18.

Great-West Lifeco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a $0.555 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $2.22 dividend on an annualized basis and a yield of 4.27%. Great-West Lifeco’s dividend payout ratio is 55.78%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. 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 research note on Friday. BMO Capital Markets lifted their price objective on Great-West Lifeco from C$52.00 to C$54.00 and gave the company a “market perform” rating in a research report on Friday. Barclays increased their target price on Great-West Lifeco from C$45.00 to C$46.00 in a report on Monday, January 6th. Jefferies Financial Group lifted their price target on Great-West Lifeco from C$42.00 to C$48.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Finally, Scotiabank boosted their target price on shares of Great-West Lifeco from C$59.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$52.22.

Great-West Lifeco Company Profile

Great-West Lifeco Inc engages in the life and health insurance, retirement and investment services, asset management, and reinsurance businesses in Canada, the United States, and Europe. The company offers life, accidental death and dismemberment, disability, critical illness, health and dental protection, and creditor insurance products; and retirement and wealth savings, income and annuity products, and other specialty products to individuals, families, businesses, and organizations.