Dervla Mary Tomlin Sells 5,200 Shares of Great-West Lifeco Inc. (TSE:GWO) Stock

Great-West Lifeco Inc. (TSE:GWO) Senior Officer Dervla Mary Tomlin sold 5,200 shares of Great-West Lifeco stock in a transaction dated Friday, February 21st. The shares were sold at an average price of C$52.17, for a total transaction of C$271,292.84.

Great-West Lifeco Stock Up 1.2 %

Great-West Lifeco stock opened at C$52.71 on Tuesday. The stock has a market cap of C$49.07 billion, a price-to-earnings ratio of 12.06, a P/E/G 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$53.13. The business’s 50-day simple moving average is C$48.13 and its 200 day simple moving average is C$46.91.

Great-West Lifeco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a dividend yield of 4.21%. The ex-dividend date of this dividend was Tuesday, December 3rd. Great-West Lifeco’s dividend payout ratio is 50.79%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on GWO shares. Cibc World Mkts upgraded shares of Great-West Lifeco from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 6th. CIBC upgraded Great-West Lifeco from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from C$56.00 to C$60.00 in a research report on Friday, February 7th. TD Securities upgraded Great-West Lifeco from a “hold” rating to a “buy” rating and increased their target price for the stock from C$49.00 to C$53.00 in a report on Friday, February 7th. BMO Capital Markets lifted their price target on Great-West Lifeco from C$52.00 to C$54.00 and gave the company a “market perform” rating in a report on Friday, February 7th. Finally, Barclays increased their price objective on shares of Great-West Lifeco from C$45.00 to C$46.00 in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$52.22.

Great-West Lifeco Company Profile

Great-West Lifeco is one of the three big Canadian life insurance firms. With just under half of the firm’s profit and revenue in Canada, Great-West also operates in the U.S. and Europe. In Canada, Great-West provides both individual and group insurance. In the United States, Great-West operates Putnam Investments and defined-contribution recordkeeping firm Empower Retirement.