Insider Selling: Great-West Lifeco Inc. (TSE:GWO) Director Sells C$784,695.00 in Stock

Great-West Lifeco Inc. (TSE:GWO) Director Edmund Francis Murphy sold 15,000 shares of Great-West Lifeco stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of C$52.31, for a total transaction of C$784,695.00.

Great-West Lifeco Trading Down 1.1 %

Shares of GWO opened at C$51.48 on Friday. The firm has a market cap of C$47.93 billion, a P/E ratio of 11.78, a PEG ratio of 2.26 and a beta of 0.84. Great-West Lifeco Inc. has a 12 month low of C$38.44 and a 12 month high of C$52.48. The stock’s 50 day moving average is C$47.45 and its two-hundred day moving average is C$46.31.

Great-West Lifeco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a $0.555 dividend. 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 4.31%. Great-West Lifeco’s dividend payout ratio is currently 50.79%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on GWO shares. Scotiabank raised 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 report on Friday, February 7th. CIBC upgraded Great-West Lifeco from a “neutral” rating to an “outperform” rating and upped their target price for the stock from C$56.00 to C$60.00 in a research note on Friday, February 7th. BMO Capital Markets raised their target price on Great-West Lifeco from C$52.00 to C$54.00 and gave the stock a “market perform” rating in a report on Friday, February 7th. Desjardins boosted their price target on Great-West Lifeco from C$49.00 to C$53.00 and gave the company a “hold” rating in a report on Friday, February 7th. Finally, Barclays raised their price objective on shares of Great-West Lifeco from C$45.00 to C$46.00 in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$52.22.

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.