Great-West Lifeco Inc. (TSE:GWO) Insider Sells C$4,032,671.09 in Stock

Great-West Lifeco Inc. (TSE:GWO) insider L.P. Great-West Lifeco U.S. Holdings sold 75,457 shares of the business’s stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of C$53.44, for a total transaction of C$4,032,671.09.

Great-West Lifeco Trading Down 0.8 %

Shares of Great-West Lifeco stock opened at C$56.33 on Friday. The company has a market cap of C$52.44 billion, a price-to-earnings ratio of 12.89, a PEG ratio of 2.26 and a beta of 0.84. Great-West Lifeco Inc. has a 1 year low of C$38.44 and a 1 year high of C$57.61. The company’s fifty day simple moving average is C$52.12 and its 200-day simple moving average is C$49.02.

Great-West Lifeco Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were issued a dividend of $0.61 per share. This is an increase from Great-West Lifeco’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.44 annualized dividend and a dividend yield of 4.33%. Great-West Lifeco’s payout ratio is presently 50.79%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on GWO shares. TD Securities upped their price objective on shares of Great-West Lifeco from C$53.00 to C$62.00 and gave the stock a “buy” rating in a report on Thursday. Cibc World Mkts upgraded Great-West Lifeco from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 6th. Barclays raised their price objective on Great-West Lifeco from C$45.00 to C$46.00 in a research note on Monday, January 6th. Scotiabank upped their target price on 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. Finally, Desjardins lifted their price target on shares of Great-West Lifeco from C$49.00 to C$53.00 and gave the company a “hold” rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$54.89.

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.