Great-West Lifeco Inc. (TSE:GWO) Senior Officer Sells 5,200 Shares of Stock

Great-West Lifeco Inc. (TSE:GWO) Senior Officer Dervla Mary Tomlin sold 5,200 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of C$52.17, for a total value of C$271,292.84.

Great-West Lifeco Price Performance

Shares of TSE GWO traded up C$0.23 during trading hours on Monday, hitting C$52.32. 5,264,820 shares of the company’s stock were exchanged, compared to its average volume of 2,106,644. Great-West Lifeco Inc. has a 1-year low of C$38.44 and a 1-year high of C$52.48. The company’s 50-day moving average price is C$48.01 and its 200-day moving average price is C$46.86. The stock has a market capitalization of C$48.71 billion, a price-to-earnings ratio of 11.97, a PEG ratio of 2.26 and a beta of 0.84.

Great-West Lifeco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors 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 4.24%. The ex-dividend date was Tuesday, December 3rd. Great-West Lifeco’s dividend payout ratio (DPR) is presently 50.79%.

Analyst Ratings Changes

Several research analysts have commented on GWO shares. Scotiabank upped their target price on shares of Great-West Lifeco from C$59.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Royal Bank of Canada boosted their price target on Great-West Lifeco from C$51.00 to C$53.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. Desjardins upped their price objective on shares of Great-West Lifeco from C$49.00 to C$53.00 and gave the stock a “hold” rating in a report on Friday, February 7th. Barclays boosted their price target on shares of Great-West Lifeco from C$45.00 to C$46.00 in a research report on Monday, January 6th. Finally, Cibc World Mkts upgraded shares of Great-West Lifeco from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently 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.