Great-West Lifeco Inc. (TSE:GWO) Senior Officer Sells C$26,721.58 in Stock

Great-West Lifeco Inc. (TSE:GWO) Senior Officer David Martin Harney sold 562 shares of the business’s stock in a transaction 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.

Great-West Lifeco Stock Up 0.2 %

Shares of TSE GWO opened at C$47.05 on Friday. The stock has a market capitalization of C$43.86 billion, a PE ratio of 11.82, a P/E/G ratio of 2.26 and a beta of 0.84. The company has a quick ratio of 22.18, a current ratio of 37.46 and a debt-to-equity ratio of 29.61. The firm has a fifty day moving average of C$48.16 and a 200-day moving average of C$44.75. Great-West Lifeco Inc. has a 52-week low of C$38.44 and a 52-week high of C$50.99.

Great-West Lifeco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were given a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date of this dividend was Tuesday, December 3rd. Great-West Lifeco’s dividend payout ratio (DPR) is presently 55.78%.

Analyst Ratings Changes

A number of analysts recently commented on GWO shares. Jefferies Financial Group lifted their price objective on Great-West Lifeco from C$42.00 to C$48.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. Barclays boosted their price objective on shares of Great-West Lifeco from C$43.00 to C$45.00 in a research report on Friday, November 8th. Royal Bank of Canada raised their target price on shares of Great-West Lifeco from C$47.00 to C$51.00 in a research report on Friday, November 8th. CIBC boosted their price target on Great-West Lifeco from C$51.00 to C$55.00 in a report on Friday, November 8th. Finally, Scotiabank lifted their price objective on Great-West Lifeco from C$44.00 to C$50.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$47.63.

Great-West Lifeco Company Profile

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.