David Martin Harney Sells 562 Shares of Great-West Lifeco Inc. (TSE:GWO) Stock

Great-West Lifeco Inc. (TSE:GWO) Senior Officer David Martin Harney sold 562 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of C$47.55, for a total transaction of C$26,721.58.

Great-West Lifeco Trading Up 0.2 %

Great-West Lifeco stock opened at C$47.05 on Friday. Great-West Lifeco Inc. has a 12-month low of C$38.44 and a 12-month high of C$50.99. The company has a current ratio of 37.46, a quick ratio of 22.18 and a debt-to-equity ratio of 29.61. The firm has a market capitalization of C$43.86 billion, a price-to-earnings ratio of 11.82, a P/E/G ratio of 2.26 and a beta of 0.84. The firm has a 50 day moving average of C$48.16 and a 200 day moving average of C$44.81.

Great-West Lifeco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a $0.555 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $2.22 annualized dividend and a yield of 4.72%. Great-West Lifeco’s payout ratio is 55.78%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Barclays upped their price target on shares of Great-West Lifeco from C$43.00 to C$45.00 in a research report on Friday, November 8th. Royal Bank of Canada upped their price target on shares of Great-West Lifeco from C$47.00 to C$51.00 in a research report on Friday, November 8th. Jefferies Financial Group upped 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. CIBC increased their target price on shares of Great-West Lifeco from C$51.00 to C$55.00 in a report on Friday, November 8th. Finally, Scotiabank increased their target price on shares of Great-West Lifeco from C$44.00 to C$50.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$47.63.

Great-West Lifeco Company Profile

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.