Great-West Lifeco Inc. (TSE:GWO) Director Charles Donald Harvey Henaire Sells 26,100 Shares

Great-West Lifeco Inc. (TSE:GWO) Director Charles Donald Harvey Henaire sold 26,100 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of C$53.00, for a total transaction of C$1,383,300.00.

Great-West Lifeco Stock Performance

Shares of TSE GWO traded up C$0.12 during trading on Tuesday, hitting C$52.83. 65,762 shares of the company were exchanged, compared to its average volume of 2,259,216. The firm has a market capitalization of C$49.19 billion, a PE ratio of 12.09, a P/E/G ratio of 2.26 and a beta of 0.84. The company has a fifty day moving average price of C$48.13 and a 200-day moving average price of C$46.91. Great-West Lifeco Inc. has a 12-month low of C$38.44 and a 12-month high of C$53.25.

Great-West Lifeco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were issued a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date was Tuesday, December 3rd. Great-West Lifeco’s dividend payout ratio (DPR) is 50.79%.

Analyst Ratings Changes

A number of brokerages have issued reports on GWO. Barclays boosted their target price on shares of Great-West Lifeco from C$45.00 to C$46.00 in a report on Monday, January 6th. Desjardins raised 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. TD Securities raised Great-West Lifeco from a “hold” rating to a “buy” rating and increased their target price for the company from C$49.00 to C$53.00 in a report on Friday, February 7th. Scotiabank boosted their price objective on Great-West Lifeco from C$59.00 to C$60.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Finally, Royal Bank of Canada boosted their price objective on Great-West Lifeco from C$51.00 to C$53.00 and gave the company a “sector perform” rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$52.22.

About Great-West Lifeco

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.