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 transaction of C$244,827.70.

Great-West Lifeco Trading Down 0.7 %

Shares of GWO opened at C$51.35 on Tuesday. The firm has a market cap of C$47.87 billion, a P/E ratio of 12.90, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84. 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 1 year low of C$38.44 and a 1 year high of C$52.48. The company has a 50 day simple moving average of C$47.35 and a two-hundred day simple moving average of C$46.13.

Great-West Lifeco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.555 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $2.22 annualized dividend and a dividend yield of 4.32%. Great-West Lifeco’s dividend payout ratio (DPR) is 55.78%.

Analyst Ratings Changes

Several research analysts have recently issued reports on GWO shares. 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 report on Friday. 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 report on Friday. TD Securities raised shares of Great-West Lifeco from a “hold” rating to a “buy” rating and upped their price objective for the company from C$49.00 to C$53.00 in a research note on Friday. CIBC raised Great-West Lifeco from a “neutral” rating to an “outperform” rating and raised their target price for the stock from C$56.00 to C$60.00 in a research note on Friday. Finally, Jefferies Financial Group upped their price target on 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. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Great-West Lifeco currently has an average rating of “Hold” and an average price target of C$52.22.

About Great-West Lifeco

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.