Christine Marie Moritz Sells 4,700 Shares of Great-West Lifeco Inc. (TSE:GWO) Stock

Great-West Lifeco Inc. (TSE:GWO) Director Christine Marie Moritz sold 4,700 shares of Great-West Lifeco stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of C$52.09, for a total transaction of C$244,827.70.

Great-West Lifeco Stock Performance

TSE GWO opened at C$51.15 on Wednesday. The company has a current ratio of 37.46, a quick ratio of 22.18 and a debt-to-equity ratio of 29.61. The firm’s fifty day moving average price is C$47.37 and its two-hundred day moving average price is C$46.16. 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 capitalization of C$47.68 billion, a P/E ratio of 12.85, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84.

Great-West Lifeco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were issued a $0.555 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $2.22 annualized dividend and a dividend yield of 4.34%. Great-West Lifeco’s dividend payout ratio is currently 55.78%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. BMO Capital Markets lifted their price target on shares of Great-West Lifeco from C$52.00 to C$54.00 and gave the company a “market perform” rating in a research note on Friday, February 7th. Barclays boosted their price objective on shares of Great-West Lifeco from C$45.00 to C$46.00 in a research report on Monday, January 6th. Jefferies Financial Group boosted their price objective on shares of Great-West Lifeco from C$42.00 to C$48.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. CIBC raised shares of Great-West Lifeco from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from C$56.00 to C$60.00 in a research report on Friday, February 7th. Finally, Royal Bank of Canada boosted their price objective on shares of Great-West Lifeco from C$51.00 to C$53.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Great-West Lifeco has a consensus rating of “Hold” and an average target price of C$52.22.

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.