Great-West Lifeco Inc. (TSE:GWO) Director Christine Marie Moritz Sells 4,700 Shares

Great-West Lifeco Inc. (TSE:GWO) Director Christine Marie Moritz sold 4,700 shares of Great-West Lifeco stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of C$52.09, for a total value of C$244,827.70.

Great-West Lifeco Stock Down 0.7 %

GWO stock opened at C$51.35 on Tuesday. The firm has a market capitalization of C$47.87 billion, a PE ratio of 12.90, a P/E/G ratio of 2.26 and a beta of 0.84. The company has a quick ratio of 22.18, a current ratio of 37.46 and a debt-to-equity ratio of 29.61. Great-West Lifeco Inc. has a twelve month low of C$38.44 and a twelve month high of C$52.48. The stock’s 50 day moving average is C$47.35 and its 200-day moving average is C$46.13.

Great-West Lifeco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.555 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $2.22 annualized dividend and a dividend yield of 4.32%. Great-West Lifeco’s payout ratio is currently 55.78%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GWO. Royal Bank of Canada boosted their price objective on Great-West Lifeco from C$51.00 to C$53.00 and gave the stock a “sector perform” rating in a report on Friday. BMO Capital Markets boosted their price target on Great-West Lifeco from C$52.00 to C$54.00 and gave the company a “market perform” rating in a research note on Friday. Desjardins lifted their target price on Great-West Lifeco from C$49.00 to C$53.00 and gave the stock a “hold” rating in a report on Friday. Jefferies Financial Group boosted their target price 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, CIBC raised shares of Great-West Lifeco from a “neutral” rating to an “outperform” rating and raised their price target for the stock from C$56.00 to C$60.00 in a research report on Friday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$52.22.

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.