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 on Friday, February 7th. The shares were sold at an average price of C$52.09, for a total value of C$244,827.70.

Great-West Lifeco Stock Performance

Shares of GWO stock opened at C$52.03 on Thursday. Great-West Lifeco Inc. has a 12-month low of C$38.44 and a 12-month high of C$52.48. The business’s fifty day simple moving average is C$47.39 and its 200-day simple moving average is C$46.24. 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 company has a market cap of C$48.50 billion, a PE ratio of 13.07, a PEG ratio of 2.26 and a beta of 0.84.

Great-West Lifeco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a yield of 4.27%. The ex-dividend date was Tuesday, December 3rd. Great-West Lifeco’s dividend payout ratio is currently 55.78%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GWO. 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 report on Friday, February 7th. Desjardins increased their price objective on shares of Great-West Lifeco from C$49.00 to C$53.00 and gave the company a “hold” rating in a research note on Friday, February 7th. TD Securities raised shares of Great-West Lifeco from a “hold” rating to a “buy” rating and boosted their price objective for the stock from C$49.00 to C$53.00 in a research note on Friday, February 7th. Barclays upped their target price on Great-West Lifeco from C$45.00 to C$46.00 in a report on Monday, January 6th. Finally, Royal Bank of Canada lifted their price target on Great-West Lifeco from C$51.00 to C$53.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Great-West Lifeco currently has an average rating of “Hold” and an average 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.