Great-West Lifeco Inc. (TSE:GWO) Senior Officer Sells C$40,515.75 in Stock

Great-West Lifeco Inc. (TSE:GWO) Senior Officer Colleen Nancy Bailey Moffitt sold 825 shares of Great-West Lifeco stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of C$49.11, for a total transaction of C$40,515.75. Following the completion of the transaction, the insider now directly owns 66 shares in the company, valued at approximately C$3,241.26. The trade was a 92.59 % decrease in their position.

Great-West Lifeco Stock Performance

GWO opened at C$49.70 on Thursday. The stock has a market cap of C$46.33 billion, a P/E ratio of 12.49, a P/E/G ratio of 2.26 and a beta of 0.84. The company has a debt-to-equity ratio of 29.61, a current ratio of 37.46 and a quick ratio of 22.18. The firm has a fifty day moving average price of C$46.92 and a 200 day moving average price of C$43.44. Great-West Lifeco Inc. has a 1 year low of C$38.44 and a 1 year high of C$49.80.

Great-West Lifeco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 3rd will be paid a $0.555 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $2.22 annualized dividend and a dividend yield of 4.47%. Great-West Lifeco’s dividend payout ratio is presently 55.78%.

Analyst Ratings Changes

GWO has been the subject of a number of recent analyst reports. Jefferies Financial Group raised their price objective on Great-West Lifeco from C$42.00 to C$48.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. Royal Bank of Canada lifted their price objective on shares of Great-West Lifeco from C$47.00 to C$51.00 in a research note on Friday, November 8th. TD Securities lifted their price target on Great-West Lifeco from C$43.00 to C$44.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. CIBC increased their price objective on Great-West Lifeco from C$51.00 to C$55.00 in a report on Friday, November 8th. Finally, Barclays lifted their target price on Great-West Lifeco from C$43.00 to C$45.00 in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$47.63.

About Great-West Lifeco

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.