Great-West Lifeco Inc. (TSE:GWO - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.
Analysts Set New Price Targets
GWO has been the subject of a number of analyst reports. National Bankshares decreased their price objective 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. Barclays upgraded Great-West Lifeco from a "strong sell" rating to a "hold" rating in a research note on Monday, July 7th. Royal Bank Of Canada set a C$53.00 price objective on Great-West Lifeco and gave the stock a "sector perform" rating in a research note on Tuesday, April 15th. TD Securities upped their price objective on Great-West Lifeco from C$53.00 to C$62.00 and gave the stock a "buy" rating in a research note on Thursday, April 3rd. Finally, BMO Capital Markets upped their price objective on 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. Six equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of C$55.56.
Get Our Latest Stock Analysis on Great-West Lifeco
Great-West Lifeco Trading Down 0.4%
The company has a 50-day moving average of C$51.34 and a 200-day moving average of C$51.15. The company has a market capitalization of C$48.59 billion, a price-to-earnings ratio of 11.94, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84.
Great-West Lifeco Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 30th were given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 4.68%. The ex-dividend date was Monday, June 2nd. Great-West Lifeco's dividend payout ratio is currently 50.79%.
Insider Activity
In other news, Senior Officer Dervla Mary Tomlin sold 36,700 shares of the stock in a transaction dated 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 stock in a transaction dated 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. Corporate insiders own 70.70% of the company's stock.
About Great-West Lifeco
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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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