Great-West Lifeco Inc. (TSE:GWO) Director Sells C$1,383,300.00 in Stock

Great-West Lifeco Inc. (TSE:GWO) Director Charles Donald Harvey Henaire sold 26,100 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of C$53.00, for a total value of C$1,383,300.00.

Great-West Lifeco Price Performance

Shares of GWO traded up C$0.12 during trading hours on Tuesday, hitting C$52.83. The stock had a trading volume of 65,762 shares, compared to its average volume of 2,259,216. The stock has a market capitalization of C$49.19 billion, a price-to-earnings ratio of 12.09, a P/E/G ratio of 2.26 and a beta of 0.84. Great-West Lifeco Inc. has a 52 week low of C$38.44 and a 52 week high of C$53.25. The company’s fifty day moving average is C$48.13 and its two-hundred day moving average is C$46.91.

Great-West Lifeco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend was Tuesday, December 3rd. Great-West Lifeco’s payout ratio is currently 50.79%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on GWO shares. 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. Barclays raised their target price on shares of Great-West Lifeco from C$45.00 to C$46.00 in a research report on Monday, January 6th. CIBC raised shares of Great-West Lifeco from a “neutral” rating to an “outperform” rating and upped their target price for the company from C$56.00 to C$60.00 in a report on Friday, February 7th. BMO Capital Markets increased their price target on Great-West Lifeco from C$52.00 to C$54.00 and gave the stock a “market perform” rating in a report on Friday, February 7th. Finally, Scotiabank increased their price target on shares of Great-West Lifeco from C$59.00 to C$60.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Great-West Lifeco has an average 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.