Great-West Lifeco Inc. (TSE:GWO) Senior Officer David Martin Harney Sells 562 Shares

Great-West Lifeco Inc. (TSE:GWO) Senior Officer David Martin Harney sold 562 shares of Great-West Lifeco 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 Price Performance

Great-West Lifeco stock opened at C$46.94 on Friday. 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 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. The firm’s fifty day moving average is C$48.16 and its 200 day moving average is C$44.75. The company has a quick ratio of 22.18, a current ratio of 37.46 and a debt-to-equity ratio of 29.61.

Great-West Lifeco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors 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 4.73%. The ex-dividend date of this dividend was Tuesday, December 3rd. Great-West Lifeco’s payout ratio is 55.78%.

Analyst Ratings Changes

A number of equities research analysts have commented on GWO shares. Jefferies Financial Group raised their price target on Great-West Lifeco from C$42.00 to C$48.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Barclays boosted their price target on Great-West Lifeco from C$43.00 to C$45.00 in a report on Friday, November 8th. Scotiabank upped 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. Royal Bank of Canada lifted their price objective on shares of Great-West Lifeco from C$47.00 to C$51.00 in a research report on Friday, November 8th. Finally, CIBC upped their target price on shares of Great-West Lifeco from C$51.00 to C$55.00 in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the 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.