Great-West Lifeco Inc. (TSE:GWO - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$50.85 and traded as high as C$51.97. Great-West Lifeco shares last traded at C$49.99, with a volume of 2,364,800 shares changing hands.
Analyst Ratings Changes
Several equities research analysts have issued reports on the company. TD Securities increased their price target on Great-West Lifeco from C$53.00 to C$62.00 and gave the stock a "buy" rating in a report on Thursday, April 3rd. National Bankshares decreased their price target on Great-West Lifeco from C$53.00 to C$52.00 and set a "sector perform" rating for the company in a research note on Thursday, May 8th. BMO Capital Markets raised their price objective on Great-West Lifeco from C$54.00 to C$59.00 and gave the company a "market perform" rating in a research report on Thursday, April 3rd. CIBC cut their price objective on Great-West Lifeco from C$60.00 to C$57.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Finally, Barclays dropped their price target on Great-West Lifeco from C$48.00 to C$47.00 in a report on Friday, April 11th. One research 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 company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of C$55.56.
Check Out Our Latest Stock Analysis on GWO
Great-West Lifeco Price Performance
The stock has a 50-day moving average price of C$51.44 and a 200-day moving average price of C$50.92. The company has a market capitalization of C$46.75 billion, a P/E ratio of 11.49, a P/E/G ratio of 2.26 and a beta of 0.84.
Great-West Lifeco Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 30th were paid a $0.61 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.44 dividend on an annualized basis and a yield of 4.86%. Great-West Lifeco's dividend payout ratio (DPR) is presently 50.79%.
Insider Buying and Selling
In other news, Senior Officer Dervla Mary Tomlin sold 36,700 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of C$51.05, for a total value of C$1,873,520.32. Also, Senior Officer David Martin Harney sold 20,700 shares of the firm's 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 value of C$1,073,263.95. Company insiders own 70.70% of the company's stock.
Great-West Lifeco Company Profile
(
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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.
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