Insider Selling: Great-West Lifeco Inc. (TSE:GWO) Senior Officer Sells C$26,721.58 in Stock

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

Great-West Lifeco Stock Performance

GWO opened at C$47.05 on Monday. 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 stock’s 50 day moving average price is C$48.16 and its two-hundred day moving average price is C$44.85. The firm has a market capitalization of C$43.86 billion, a P/E ratio of 11.82, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84. Great-West Lifeco Inc. has a 12-month low of C$38.44 and a 12-month high of C$50.99.

Great-West Lifeco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date of this dividend was Tuesday, December 3rd. Great-West Lifeco’s dividend payout ratio (DPR) is currently 55.78%.

Wall Street Analysts Forecast Growth

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