Great-West Lifeco (TSE:GWO) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Great-West Lifeco Inc. (TSE:GWO)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$43.31 and traded as high as C$49.36. Great-West Lifeco shares last traded at C$49.17, with a volume of 8,226,585 shares.

Analyst Ratings Changes

A number of research firms have weighed in on GWO. 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. TD Securities raised their price objective on shares of Great-West Lifeco from C$43.00 to C$44.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Royal Bank of Canada boosted their price target on Great-West Lifeco from C$47.00 to C$51.00 in a research note on Friday, November 8th. Scotiabank boosted their price target on shares of Great-West Lifeco from C$44.00 to C$50.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Finally, CIBC increased their target price on Great-West Lifeco from C$51.00 to C$55.00 in a report 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 assigned a buy rating to the stock. According to MarketBeat, Great-West Lifeco presently has a consensus rating of “Hold” and a consensus price target of C$47.63.

Great-West Lifeco Trading Up 0.8 %

The company has a quick ratio of 22.18, a current ratio of 37.46 and a debt-to-equity ratio of 29.61. The company has a market cap of C$45.83 billion, a P/E ratio of 12.35, a P/E/G ratio of 2.26 and a beta of 0.84. The business has a 50-day moving average price of C$46.72 and a two-hundred day moving average price of C$43.31.

Great-West Lifeco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 3rd will be given a dividend of $0.555 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $2.22 dividend on an annualized basis and a yield of 4.51%. Great-West Lifeco’s payout ratio is presently 55.78%.

Insider Transactions at Great-West Lifeco

In other news, Director Charles Donald Harvey Henaire sold 25,400 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of C$44.72, for a total transaction of C$1,135,888.00. Also, Director Richard Henry Linton sold 35,800 shares of the stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of C$46.27, for a total transaction of C$1,656,344.28. 70.70% of the stock is owned by corporate insiders.

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.