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 Great-West Lifeco stock in a transaction on Friday, February 7th. The stock was sold at an average price of C$52.09, for a total value of C$244,827.70.

Great-West Lifeco Stock Up 0.6 %

Great-West Lifeco stock traded up C$0.33 during mid-day trading on Monday, hitting C$52.04. 235,414 shares of the company’s stock were exchanged, compared to its average volume of 1,635,214. Great-West Lifeco Inc. has a 1-year low of C$38.44 and a 1-year high of C$52.48. The stock has a 50 day moving average of C$47.35 and a two-hundred day moving average of C$46.13. The company has a current ratio of 37.46, a quick ratio of 22.18 and a debt-to-equity ratio of 29.61. The stock has a market cap of C$48.51 billion, a P/E ratio of 13.08, a P/E/G ratio of 2.26 and a beta of 0.84.

Great-West Lifeco Announces Dividend

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

Analyst Upgrades and Downgrades

GWO has been the topic of several recent analyst reports. Scotiabank upped their price target on Great-West Lifeco from C$59.00 to C$60.00 and gave the company an “outperform” rating in a research report on Friday. Desjardins increased their price target on shares of Great-West Lifeco from C$49.00 to C$53.00 and gave the stock a “hold” rating in a research report on Friday. Jefferies Financial Group boosted their price objective on shares of Great-West Lifeco from C$42.00 to C$48.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. CIBC upgraded shares of Great-West Lifeco from a “neutral” rating to an “outperform” rating and increased their target price for the stock from C$56.00 to C$60.00 in a research report on Friday. Finally, BMO Capital Markets boosted their price target on shares of Great-West Lifeco from C$52.00 to C$54.00 and gave the company a “market perform” rating in a report on Friday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.