Great-West Lifeco (TSE:GWO) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Great-West Lifeco Inc. (TSE:GWO) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$46.53 and traded as high as C$52.00. Great-West Lifeco shares last traded at C$51.88, with a volume of 5,900,921 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on GWO. Barclays lifted their target price on Great-West Lifeco from C$45.00 to C$46.00 in a research report on Monday, January 6th. Cibc World Mkts upgraded shares of Great-West Lifeco from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 6th. CIBC raised shares of Great-West Lifeco from a “neutral” rating to an “outperform” rating and increased their price objective for the company from C$56.00 to C$60.00 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 target price for the stock from C$49.00 to C$53.00 in a research note on Friday, February 7th. Finally, Scotiabank increased their price target on 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of C$52.22.

Great-West Lifeco Trading Up 0.6 %

The firm has a market capitalization of C$48.30 billion, a P/E ratio of 11.87, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84. The company has a 50-day moving average of C$47.70 and a 200-day moving average of C$46.60.

Great-West Lifeco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.555 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $2.22 dividend on an annualized basis and a dividend yield of 4.28%. Great-West Lifeco’s dividend payout ratio (DPR) is 50.79%.

Insider Activity at Great-West Lifeco

In other news, Director Paul Mahon sold 146,826 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of C$49.88, for a total value of C$7,323,842.39. Also, Senior Officer David Martin Harney sold 562 shares of Great-West Lifeco stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of C$47.55, for a total value of C$26,721.58. Insiders have sold 167,088 shares of company stock worth $8,380,087 over the last ninety days. Insiders own 70.70% of the company’s stock.

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.