Great-West Lifeco Inc. (TSE:GWO – Get Free Report) hit a new 52-week high on Wednesday . The company traded as high as C$21.50 and last traded at C$42.40, with a volume of 128891 shares. The stock had previously closed at C$42.14.
Analyst Ratings Changes
Several research analysts recently weighed in on the stock. TD Securities upped 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 research report on Wednesday, August 7th. BMO Capital Markets raised their price objective on shares of Great-West Lifeco from C$44.00 to C$45.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Jefferies Financial Group cut their target price on shares of Great-West Lifeco from C$46.00 to C$42.00 in a research report on Thursday, July 18th. National Bankshares raised their price target on Great-West Lifeco from C$42.00 to C$43.00 and gave the company a “sector perform” rating in a research report on Thursday, May 2nd. Finally, Royal Bank of Canada increased their price objective on Great-West Lifeco from C$45.00 to C$47.00 in a research report on Thursday, August 8th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$43.88.
Read Our Latest Research Report on Great-West Lifeco
Great-West Lifeco Stock Up 0.6 %
Great-West Lifeco Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be given a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date of this dividend is Friday, August 30th. Great-West Lifeco’s payout ratio is 63.25%.
Insider Transactions at Great-West Lifeco
In related news, Director Olivier Desmarais sold 1,029 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of C$40.88, for a total transaction of C$42,065.52. 70.58% of the stock is currently owned by company insiders.
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.
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