Insider Selling: Great-West Lifeco (TSE:GWO) Insider Sells C$2,945,368.98 in Stock

Great-West Lifeco Inc. (TSE:GWO) insider L.P. Great-West Lifeco U.S. Holdings sold 46,413 shares of the stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of C$63.46, for a total value of C$2,945,368.98.

Great-West Lifeco Trading Up 0.7%

TSE GWO opened at C$66.00 on Friday. The company has a market cap of C$59.87 billion, a P/E ratio of 15.49, a P/E/G ratio of 2.26 and a beta of 0.63. Great-West Lifeco Inc. has a 12 month low of C$49.54 and a 12 month high of C$68.56. The company has a debt-to-equity ratio of 44.93, a current ratio of 5.80 and a quick ratio of 22.18. The company has a 50-day moving average of C$63.42 and a 200-day moving average of C$62.48.

Great-West Lifeco (TSE:GWO) last released its earnings results on Wednesday, February 11th. The company reported C$1.36 earnings per share (EPS) for the quarter. Great-West Lifeco had a net margin of 10.96% and a return on equity of 13.98%. The business had revenue of C$8.34 billion for the quarter. As a group, equities analysts predict that Great-West Lifeco Inc. will post 4.4525194 earnings per share for the current year.

Great-West Lifeco Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were issued a $0.67 dividend. This is a boost from Great-West Lifeco’s previous quarterly dividend of $0.61. The ex-dividend date was Tuesday, March 3rd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 4.1%. Great-West Lifeco’s dividend payout ratio (DPR) is 57.28%.

Analysts Set New Price Targets

GWO has been the subject of a number of research analyst reports. Barclays upped their price objective on Great-West Lifeco from C$59.00 to C$70.00 in a report on Friday, January 9th. Royal Bank Of Canada boosted their price target on Great-West Lifeco from C$60.00 to C$64.00 and gave the company a “sector perform” rating in a research report on Friday, February 13th. Scotiabank upped their price target on Great-West Lifeco from C$68.00 to C$70.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. BMO Capital Markets cut their price objective on Great-West Lifeco from C$68.00 to C$66.00 and set a “market perform” rating on the stock in a report on Friday, February 13th. Finally, Canadian Imperial Bank of Commerce boosted their target price on Great-West Lifeco from C$67.00 to C$73.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$67.22.

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. In 2020, Great-West announced it would acquire Personal Capital and MassMutual’s recordkeeping business. In Europe, Great-West offers life insurance, annuities, and reinsurance primarily in the U.K., Ireland, and Germany.