Insider Selling: Great-West Lifeco Inc. (TSE:GWO) Director Sells C$7,323,842.39 in Stock

Great-West Lifeco Inc. (TSE:GWO) Director Paul Mahon sold 146,826 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of C$49.88, for a total value of C$7,323,842.39.

Great-West Lifeco Stock Down 0.0 %

Great-West Lifeco stock opened at C$49.79 on Monday. Great-West Lifeco Inc. has a fifty-two week low of C$38.44 and a fifty-two week high of C$50.25. The company has a debt-to-equity ratio of 29.61, a quick ratio of 22.18 and a current ratio of 37.46. The firm’s 50-day simple moving average is C$47.12 and its 200 day simple moving average is C$43.55. The stock has a market cap of C$46.41 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84.

Great-West Lifeco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 3rd will be paid a $0.555 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.22 dividend on an annualized basis and a dividend yield of 4.46%. Great-West Lifeco’s payout ratio is presently 55.78%.

Wall Street Analyst Weigh In

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