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 stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of C$47.55, for a total transaction of C$26,721.58.

Great-West Lifeco Stock Performance

Shares of GWO stock opened at C$46.94 on Friday. The firm has a market cap of C$43.75 billion, a price-to-earnings ratio of 11.79, a PEG 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$50.99. 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 company’s 50 day moving average is C$48.16 and its 200 day moving average is C$44.75.

Great-West Lifeco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a $0.555 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $2.22 annualized dividend and a yield of 4.73%. Great-West Lifeco’s dividend payout ratio (DPR) is presently 55.78%.

Analysts Set New Price Targets

A number of research firms recently weighed in on GWO. Barclays increased 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. Scotiabank raised their price target on Great-West Lifeco from C$44.00 to C$50.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. CIBC upped their price objective on Great-West Lifeco from C$51.00 to C$55.00 in a research report on Friday, November 8th. Royal Bank of Canada lifted their target price on Great-West Lifeco from C$47.00 to C$51.00 in a research report on Friday, November 8th. Finally, Jefferies Financial Group upped their price target on shares of Great-West Lifeco from C$42.00 to C$48.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target 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.