Insider Selling: Great-West Lifeco Inc. (TSE:GWO) Senior Officer Sells 5,200 Shares of Stock

Great-West Lifeco Inc. (TSE:GWO) Senior Officer Dervla Mary Tomlin sold 5,200 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of C$52.17, for a total value of C$271,292.84.

Great-West Lifeco Stock Up 0.4 %

Shares of Great-West Lifeco stock traded up C$0.23 during trading on Monday, hitting C$52.32. 5,264,820 shares of the company were exchanged, compared to its average volume of 2,106,644. The firm has a 50 day moving average price of C$48.01 and a 200 day moving average price of C$46.86. The stock has a market capitalization of C$48.71 billion, a price-to-earnings ratio of 11.97, a P/E/G ratio of 2.26 and a beta of 0.84. Great-West Lifeco Inc. has a fifty-two week low of C$38.44 and a fifty-two week high of C$52.48.

Great-West Lifeco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were given a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date of this dividend was Tuesday, December 3rd. Great-West Lifeco’s dividend payout ratio is presently 50.79%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GWO. Royal Bank of Canada raised their price target on Great-West Lifeco from C$51.00 to C$53.00 and gave the stock a “sector perform” rating in a report on Friday, February 7th. Barclays upped their price target on Great-West Lifeco from C$45.00 to C$46.00 in a research note on Monday, January 6th. Scotiabank boosted their price objective on shares of Great-West Lifeco from C$59.00 to C$60.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. BMO Capital Markets raised their target price on shares of Great-West Lifeco from C$52.00 to C$54.00 and gave the stock a “market perform” rating in a research note on Friday, February 7th. Finally, Cibc World Mkts upgraded shares of Great-West Lifeco from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$52.22.

About Great-West Lifeco

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.