Charles Donald Harvey Henaire Sells 26,100 Shares of Great-West Lifeco Inc. (TSE:GWO) Stock

Great-West Lifeco Inc. (TSE:GWO) Director Charles Donald Harvey Henaire sold 26,100 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of C$53.00, for a total value of C$1,383,300.00.

Great-West Lifeco Stock Up 1.2 %

Shares of TSE GWO opened at C$53.23 on Thursday. The firm has a market cap of C$49.56 billion, a PE ratio of 12.18, a P/E/G ratio of 2.26 and a beta of 0.84. The company’s fifty day simple moving average is C$48.36 and its 200 day simple moving average is C$47.08. Great-West Lifeco Inc. has a 12-month low of C$38.44 and a 12-month high of C$53.51.

Great-West Lifeco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a $0.555 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $2.22 annualized dividend and a dividend yield of 4.17%. Great-West Lifeco’s dividend payout ratio is presently 50.79%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GWO. BMO Capital Markets raised their price objective 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, February 7th. Cibc World Mkts upgraded shares of Great-West Lifeco from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 6th. TD Securities upgraded Great-West Lifeco from a “hold” rating to a “buy” rating and increased their price objective for the company from C$49.00 to C$53.00 in a report on Friday, February 7th. Scotiabank raised their target price on 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 upgraded Great-West Lifeco from a “neutral” rating to an “outperform” rating and upped their price target for the company from C$56.00 to C$60.00 in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus 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.