Dervla Mary Tomlin Sells 5,200 Shares of Great-West Lifeco Inc. (TSE:GWO) Stock

Great-West Lifeco Inc. (TSE:GWO) Senior Officer Dervla Mary Tomlin sold 5,200 shares of the 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 Trading Down 0.2 %

Great-West Lifeco stock opened at C$52.62 on Wednesday. The firm has a market cap of C$48.99 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 2.26 and a beta of 0.84. The stock has a fifty day simple moving average of C$48.23 and a two-hundred day simple moving average of C$46.99. Great-West Lifeco Inc. has a 12 month low of C$38.44 and a 12 month high of C$53.25.

Great-West Lifeco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were issued a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date of this dividend was Tuesday, December 3rd. Great-West Lifeco’s payout ratio is 50.79%.

Wall Street Analyst Weigh In

GWO has been the topic of several recent research reports. TD Securities upgraded Great-West Lifeco from a “hold” rating to a “buy” rating and increased their price objective for the company from C$49.00 to C$53.00 in a research report on Friday, February 7th. BMO Capital Markets increased their price objective 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. Barclays increased their price objective on Great-West Lifeco from C$45.00 to C$46.00 in a report on Monday, January 6th. CIBC upgraded Great-West Lifeco from a “neutral” rating to an “outperform” rating and raised their target price for the company from C$56.00 to C$60.00 in a research note on Friday, February 7th. Finally, Cibc World Mkts upgraded Great-West Lifeco from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 6th. 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, Great-West Lifeco currently has a consensus rating of “Hold” and an average target price of C$52.22.

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.