Colleen Nancy Bailey Moffitt Sells 825 Shares of Great-West Lifeco Inc. (TSE:GWO) Stock

Great-West Lifeco Inc. (TSE:GWO) Senior Officer Colleen Nancy Bailey Moffitt sold 825 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of C$49.11, for a total value of C$40,515.75. Following the completion of the sale, the insider now directly owns 66 shares in the company, valued at approximately C$3,241.26. This represents a 92.59 % decrease in their ownership of the stock.

Great-West Lifeco Stock Performance

Great-West Lifeco stock traded up C$0.39 during midday trading on Tuesday, reaching C$49.56. 6,581,997 shares of the company traded hands, compared to its average volume of 2,636,000. 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 Inc. has a 12 month low of C$38.44 and a 12 month high of C$49.64. The firm has a market capitalization of C$46.20 billion, a price-to-earnings ratio of 12.35, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84. The business has a 50 day moving average of C$46.72 and a two-hundred day moving average of C$43.31.

Great-West Lifeco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 3rd will be paid a $0.555 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.22 dividend on an annualized basis and a dividend yield of 4.48%. Great-West Lifeco’s dividend payout ratio (DPR) is currently 55.78%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Scotiabank boosted their target price on Great-West Lifeco from C$44.00 to C$50.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. TD Securities upped their price target on shares of Great-West Lifeco from C$43.00 to C$44.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Jefferies Financial Group increased 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. Royal Bank of Canada lifted their target price on shares of Great-West Lifeco from C$47.00 to C$51.00 in a report on Friday, November 8th. Finally, CIBC increased their price target on shares of Great-West Lifeco from C$51.00 to C$55.00 in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$47.63.

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.