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 business’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

Shares of GWO stock opened at C$52.62 on Wednesday. Great-West Lifeco Inc. has a 12 month low of C$38.44 and a 12 month high of C$53.25. The firm has a market capitalization of C$48.99 billion, a P/E ratio of 12.04, a P/E/G ratio of 2.26 and a beta of 0.84. The company’s fifty day moving average price is C$48.23 and its two-hundred day moving average price is C$46.99.

Great-West Lifeco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were issued 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 4.22%. Great-West Lifeco’s dividend payout ratio is currently 50.79%.

Analyst Ratings Changes

Several brokerages have recently issued reports on GWO. Royal Bank of Canada boosted their price objective on shares of Great-West Lifeco from C$51.00 to C$53.00 and gave the company a “sector perform” rating in a research note on Friday, February 7th. Cibc World Mkts raised shares of Great-West Lifeco from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 6th. TD Securities raised shares of Great-West Lifeco from a “hold” rating to a “buy” rating and upped their price target for the stock from C$49.00 to C$53.00 in a research report on Friday, February 7th. Scotiabank upped their price target on shares of Great-West Lifeco from C$59.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Finally, CIBC raised shares of Great-West Lifeco from a “neutral” rating to an “outperform” rating and upped their price target for the stock from C$56.00 to C$60.00 in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price 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.