Great-West Lifeco Inc. (TSE:GWO - Get Free Report) insider L.P. Great-West Lifeco U.S. Holdings sold 75,457 shares of the company'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 0.2 %
Shares of TSE GWO traded down C$0.12 during trading hours on Tuesday, hitting C$53.31. 362,443 shares of the company traded hands, compared to its average volume of 3,041,975. The company's 50 day moving average price is C$52.25 and its 200 day moving average price is C$49.08. Great-West Lifeco Inc. has a 12 month low of C$38.44 and a 12 month high of C$57.61. The stock has a market capitalization of C$49.63 billion, a price-to-earnings ratio of 12.20, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84.
Great-West Lifeco Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were given a dividend of $0.61 per share. This is a boost from Great-West Lifeco's previous quarterly dividend of $0.56. The ex-dividend date was Monday, March 3rd. This represents a $2.44 dividend on an annualized basis and a yield of 4.58%. Great-West Lifeco's payout ratio is 50.79%.
Wall Street Analyst Weigh In
Several research firms have recently commented on GWO. Jefferies Financial Group boosted their target price on shares of Great-West Lifeco from C$51.00 to C$58.00 and gave the stock a "hold" rating in a report on Thursday, April 3rd. Desjardins boosted their price target on shares of Great-West Lifeco from C$49.00 to C$53.00 and gave the stock a "hold" rating in a research note on Friday, February 7th. CIBC upgraded Great-West Lifeco from a "neutral" rating to an "outperform" rating and raised their price objective for the company from C$56.00 to C$60.00 in a research report on Friday, February 7th. Royal Bank of Canada boosted their target price 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. Finally, TD Securities increased their price target on Great-West Lifeco from C$53.00 to C$62.00 and gave the company a "buy" rating in a research note on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Great-West Lifeco currently has a consensus rating of "Hold" and an average target price of C$54.89.
Check Out Our Latest Analysis on GWO
About Great-West Lifeco
(
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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.
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