Insider Selling: Great-West Lifeco Inc. (TSE:GWO) Director Sells 146,826 Shares of Stock

Great-West Lifeco Inc. (TSE:GWO) Director Paul Mahon sold 146,826 shares of the stock in a transaction 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 %

Shares of TSE GWO opened at C$49.79 on Friday. The stock has a market capitalization of C$46.41 billion, a P/E ratio of 12.51, a PEG ratio of 2.26 and a beta of 0.84. The company has a debt-to-equity ratio of 29.61, a current ratio of 37.46 and a quick ratio of 22.18. Great-West Lifeco Inc. has a one year low of C$38.44 and a one year high of C$50.25. The firm’s 50 day simple moving average is C$47.12 and its two-hundred day simple moving average is C$43.55.

Great-West Lifeco Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on GWO shares. Jefferies Financial Group upped their target price on Great-West Lifeco from C$42.00 to C$48.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. CIBC upped their price objective on shares of Great-West Lifeco from C$51.00 to C$55.00 in a research report on Friday, November 8th. Scotiabank raised their target price 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 note on Wednesday, October 30th. Barclays boosted their price target on shares of Great-West Lifeco from C$43.00 to C$45.00 in a research note on Friday, November 8th. Finally, Royal Bank of Canada increased their price target on shares of Great-West Lifeco from C$47.00 to C$51.00 in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Great-West Lifeco has a consensus rating of “Hold” and a consensus 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.