Insider Selling: Great-West Lifeco Inc. (TSE:GWO) Senior Officer Sells 8,500 Shares of Stock

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

Great-West Lifeco Trading Up 0.0 %

GWO opened at C$52.09 on Friday. The stock has a market capitalization of C$48.50 billion, a PE ratio of 11.92, a PEG ratio of 2.26 and a beta of 0.84. Great-West Lifeco Inc. has a 1-year low of C$38.44 and a 1-year high of C$52.48. The firm has a 50-day moving average price of C$48.01 and a two-hundred day moving average price of C$46.82.

Great-West Lifeco Announces Dividend

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

Wall Street Analysts Forecast Growth

GWO has been the subject of several analyst reports. TD Securities raised shares of Great-West Lifeco from a “hold” rating to a “buy” rating and lifted their price target for the company from C$49.00 to C$53.00 in a report on Friday, February 7th. CIBC raised shares of Great-West Lifeco from a “neutral” rating to an “outperform” rating and lifted their price target for the company from C$56.00 to C$60.00 in a report on Friday, February 7th. Scotiabank lifted their price target on shares of Great-West Lifeco from C$59.00 to C$60.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Royal Bank of Canada lifted their price target on shares of Great-West Lifeco from C$51.00 to C$53.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. Finally, Desjardins lifted their price target on shares of Great-West Lifeco from C$49.00 to C$53.00 and gave the company a “hold” rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$52.22.

Great-West Lifeco Company Profile

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.