Great-West Lifeco Inc. (TSE:GWO) Senior Officer Sells C$438,927.25 in Stock

Great-West Lifeco Inc. (TSE:GWO - Get Free Report) Senior Officer Linda Kerrigan sold 8,500 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of C$51.64, for a total transaction of C$438,927.25.

Great-West Lifeco Stock Performance

Shares of GWO stock traded up C$0.02 during trading on Friday, hitting C$52.09. 2,056,188 shares of the company were exchanged, compared to its average volume of 2,123,315. The firm has a market capitalization of C$48.50 billion, a price-to-earnings ratio of 11.92, a P/E/G ratio of 2.26 and a beta of 0.84. The business's 50-day simple moving average is C$47.90 and its 200 day simple moving average is C$46.75. Great-West Lifeco Inc. has a twelve month low of C$38.44 and a twelve month high of C$52.48.

Great-West Lifeco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a yield of 4.26%. The ex-dividend date was Tuesday, December 3rd. Great-West Lifeco's payout ratio is presently 50.79%.

Analysts Set New Price Targets

GWO has been the subject of several recent analyst reports. CIBC upgraded shares of Great-West Lifeco from a "neutral" rating to an "outperform" rating and raised their target price for the stock from C$56.00 to C$60.00 in a report on Friday, February 7th. BMO Capital Markets raised their target price on shares of 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. Cibc World Mkts upgraded shares of Great-West Lifeco from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 6th. Barclays raised their target price on shares of Great-West Lifeco from C$45.00 to C$46.00 in a report on Monday, January 6th. Finally, 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, three have given 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 presently has an average rating of "Hold" and an average price target 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.