Insider Selling: Great-West Lifeco Inc. (TSE:GWO) Director Sells 146,826 Shares of Stock

Great-West Lifeco Inc. (TSE:GWO) Director Paul Mahon sold 146,826 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of C$49.88, for a total value of C$7,323,842.39.

Great-West Lifeco Trading Down 0.0 %

Shares of GWO opened at C$49.79 on Monday. Great-West Lifeco Inc. has a 1-year low of C$38.44 and a 1-year high of C$50.25. The company has a market capitalization of C$46.41 billion, a P/E ratio of 12.51, a P/E/G ratio of 2.26 and a beta of 0.84. The company has a debt-to-equity ratio of 29.61, a current ratio of 37.46 and a quick ratio of 22.18. The firm’s 50 day simple moving average is C$47.12 and its 200 day simple moving average is C$43.55.

Great-West Lifeco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 3rd will be issued a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date of this dividend is Tuesday, December 3rd. Great-West Lifeco’s dividend payout ratio is currently 55.78%.

Wall Street Analysts Forecast Growth

GWO has been the topic of a number of analyst reports. Barclays boosted their price objective on Great-West Lifeco from C$43.00 to C$45.00 in a research note on Friday, November 8th. CIBC upped their price target on Great-West Lifeco from C$51.00 to C$55.00 in a research report on Friday, November 8th. TD Securities increased their price target on shares of Great-West Lifeco from C$43.00 to C$44.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Royal Bank of Canada boosted their price objective on shares of Great-West Lifeco from C$47.00 to C$51.00 in a research note on Friday, November 8th. Finally, Jefferies Financial Group increased their target price on shares of Great-West Lifeco from C$42.00 to C$48.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Great-West Lifeco currently has an average rating of “Hold” and an average target price of C$47.63.

About Great-West Lifeco

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.