Dervla Mary Tomlin Sells 5,200 Shares of Great-West Lifeco Inc. (TSE:GWO) Stock

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

Great-West Lifeco Stock Performance

Shares of TSE GWO opened at C$52.62 on Wednesday. The firm has a market capitalization of C$48.99 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 2.26 and a beta of 0.84. The stock has a 50 day moving average price of C$48.23 and a 200 day moving average price of C$46.99. Great-West Lifeco Inc. has a 52-week low of C$38.44 and a 52-week high of C$53.25.

Great-West Lifeco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.555 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $2.22 dividend on an annualized basis and a yield of 4.22%. Great-West Lifeco’s dividend payout ratio is currently 50.79%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GWO. Desjardins lifted their target price on 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. CIBC raised Great-West Lifeco from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from C$56.00 to C$60.00 in a research note on Friday, February 7th. Royal Bank of Canada boosted their price objective on Great-West Lifeco from C$51.00 to C$53.00 and gave the stock a “sector perform” rating in a research note on Friday, February 7th. Scotiabank boosted their price objective on Great-West Lifeco from C$59.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Finally, BMO Capital Markets upped their target price on Great-West Lifeco from C$52.00 to C$54.00 and gave the company a “market perform” rating in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus 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.