Great-West Lifeco Inc. (TSE:GWO) Senior Officer David Martin Harney Sells 20,700 Shares

Great-West Lifeco Inc. (TSE:GWO - Get Free Report) Senior Officer David Martin Harney sold 20,700 shares of Great-West Lifeco stock in a transaction that occurred on Monday, May 26th. The shares were sold at an average price of C$51.85, for a total transaction of C$1,073,263.95.

David Martin Harney also recently made the following trade(s):

• On Monday, March 10th, David Martin Harney sold 9,300 shares of Great-West Lifeco stock. The stock was sold at an average price of C$52.14, for a total transaction of C$484,931.76.

Great-West Lifeco Stock Performance

Shares of TSE GWO traded up C$0.24 during midday trading on Wednesday, reaching C$52.15. 5,575,685 shares of the stock were exchanged, compared to its average volume of 3,027,664. The stock has a market capitalization of C$48.55 billion, a P/E ratio of 11.93, a PEG ratio of 2.26 and a beta of 0.84. The company has a 50 day simple moving average of C$52.80 and a 200 day simple moving average of C$50.50. Great-West Lifeco Inc. has a twelve month low of C$38.44 and a twelve month high of C$57.61.

Great-West Lifeco Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were paid a dividend of $0.61 per share. This is a boost from Great-West Lifeco's previous quarterly dividend of $0.56. The ex-dividend date was Monday, March 3rd. This represents a $2.44 annualized dividend and a yield of 4.68%. Great-West Lifeco's dividend payout ratio (DPR) is 50.79%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Barclays dropped their price target on Great-West Lifeco from C$48.00 to C$47.00 in a research report on Friday, April 11th. Scotiabank upped their target price on shares of Great-West Lifeco from C$59.00 to C$60.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Jefferies Financial Group reduced their target price on shares of Great-West Lifeco from C$58.00 to C$57.00 in a research report on Monday, April 21st. Cibc World Mkts raised shares of Great-West Lifeco from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 6th. Finally, BMO Capital Markets raised their target price on shares of Great-West Lifeco from C$54.00 to C$59.00 and gave the stock a "market perform" rating in a research note on Thursday, April 3rd. One equities 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 stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of C$55.56.

About Great-West Lifeco

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.