Great-West Lifeco Inc. (TSE:GWO) Director Sells C$1,238,400.00 in Stock

Great-West Lifeco Inc. (TSE:GWO) Director Charles Donald Harvey Henaire sold 28,800 shares of Great-West Lifeco stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of C$43.00, for a total transaction of C$1,238,400.00.

Great-West Lifeco Trading Up 1.4 %

TSE GWO traded up C$0.60 during mid-day trading on Monday, reaching C$43.31. 4,411,104 shares of the stock were exchanged, compared to its average volume of 2,244,762. Great-West Lifeco Inc. has a one year low of C$29.58 and a one year high of C$43.36. The company has a debt-to-equity ratio of 31.18, a current ratio of 25.47 and a quick ratio of 22.18. The stock has a market cap of C$40.33 billion, a P/E ratio of 18.51, a P/E/G ratio of 2.26 and a beta of 0.81. The stock has a 50 day simple moving average of C$39.45 and a 200-day simple moving average of C$39.08.

Great-West Lifeco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, November 30th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.80%. The ex-dividend date of this dividend is Wednesday, November 29th. Great-West Lifeco’s dividend payout ratio (DPR) is currently 88.89%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GWO. BMO Capital Markets lifted their price objective on shares of Great-West Lifeco from C$40.00 to C$42.00 in a research note on Thursday, August 10th. TD Securities raised their target price on shares of Great-West Lifeco from C$41.00 to C$42.00 and gave the company a “hold” rating in a research report on Wednesday, August 9th. Desjardins cut their target price on shares of Great-West Lifeco from C$41.00 to C$40.00 and set a “hold” rating on the stock in a research report on Thursday, October 12th. CIBC lifted their price target on shares of Great-West Lifeco from C$41.00 to C$42.00 in a report on Thursday, August 10th. Finally, Barclays lifted their price target on shares of Great-West Lifeco from C$40.00 to C$43.00 in a report on Thursday, August 10th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Great-West Lifeco presently has a consensus rating of “Hold” and a consensus target price of C$41.22.

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.