Free Trial

Great-West Lifeco (TSE:GWO) Share Price Crosses Above 200-Day Moving Average - Here's Why

Great-West Lifeco logo with Financial Services background

Great-West Lifeco Inc. (TSE:GWO - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$51.02 and traded as high as C$52.55. Great-West Lifeco shares last traded at C$52.10, with a volume of 2,550,331 shares changing hands.

Analyst Upgrades and Downgrades

GWO has been the topic of a number of analyst reports. Royal Bank Of Canada set a C$53.00 price objective on shares of Great-West Lifeco and gave the company a "sector perform" rating in a research report on Tuesday, April 15th. Jefferies Financial Group decreased 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. Barclays upgraded shares of Great-West Lifeco from a "strong sell" rating to a "hold" rating in a research report on Monday. CIBC decreased their target price on shares of Great-West Lifeco from C$60.00 to C$57.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Finally, National Bankshares decreased their target price on shares of Great-West Lifeco from C$53.00 to C$52.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 8th. Six equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$55.56.

Check Out Our Latest Stock Report on Great-West Lifeco

Great-West Lifeco Stock Performance

The stock has a 50 day moving average of C$51.33 and a two-hundred day moving average of C$51.02. The stock has a market cap of C$48.51 billion, a PE ratio of 11.92, a PEG ratio of 2.26 and a beta of 0.84.

Great-West Lifeco Announces Dividend

The firm 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. This represents a $2.44 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date of this dividend was Monday, June 2nd. Great-West Lifeco's dividend payout ratio is currently 50.79%.

Insiders Place Their Bets

In other Great-West Lifeco news, Senior Officer David Martin Harney sold 20,700 shares of the stock in a transaction dated Monday, May 26th. The stock was sold at an average price of C$51.85, for a total value of C$1,073,263.95. Also, Senior Officer Dervla Mary Tomlin sold 36,700 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of C$51.05, for a total value of C$1,873,520.32. 70.70% of the stock is currently owned by insiders.

About Great-West Lifeco

(Get Free Report)

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.

Read More

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Great-West Lifeco Right Now?

Before you consider Great-West Lifeco, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Great-West Lifeco wasn't on the list.

While Great-West Lifeco currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Elon Musk's Next Move Cover

Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Don’t Miss These Top 3 Defense Stocks Set To Gain
Triple-Digit Gains: These 4 Nuclear Stocks Have Even More Upside Ahead
3 Made in America Stocks Under $20 You Need to See!

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines