Great-West Lifeco Inc. (TSE:GWO) Director Edmund Francis Murphy Sells 15,000 Shares

Great-West Lifeco Inc. (TSE:GWO) Director Edmund Francis Murphy sold 15,000 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of C$52.31, for a total value of C$784,695.00.

Great-West Lifeco Price Performance

Shares of GWO stock opened at C$51.48 on Friday. Great-West Lifeco Inc. has a 1-year low of C$38.44 and a 1-year high of C$52.48. The firm has a market cap of C$47.93 billion, a PE ratio of 11.78, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84. The company has a 50-day moving average of C$47.45 and a two-hundred day moving average of C$46.31.

Great-West Lifeco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date was Tuesday, December 3rd. Great-West Lifeco’s dividend payout ratio (DPR) is 50.79%.

Analyst Ratings Changes

Several brokerages recently commented on GWO. Scotiabank boosted their price target on Great-West Lifeco from C$59.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Barclays lifted their price target on Great-West Lifeco from C$45.00 to C$46.00 in a report on Monday, January 6th. TD Securities raised shares of Great-West Lifeco from a “hold” rating to a “buy” rating and upped their price objective for the company from C$49.00 to C$53.00 in a report on Friday, February 7th. Cibc World Mkts upgraded shares of Great-West Lifeco from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 6th. Finally, CIBC upgraded shares of Great-West Lifeco from a “neutral” rating to an “outperform” rating and boosted their target price for the company from C$56.00 to C$60.00 in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$52.22.

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.