Great-West Lifeco Inc. (TSE:GWO - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$50.61 and traded as high as C$52.04. Great-West Lifeco shares last traded at C$51.32, with a volume of 9,298,443 shares changing hands.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on GWO. Cibc World Mkts raised Great-West Lifeco from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 6th. Barclays decreased their target price on Great-West Lifeco from C$48.00 to C$47.00 in a research report on Friday, April 11th. Royal Bank of Canada set a C$53.00 target price on Great-West Lifeco and gave the company a "sector perform" rating in a research report on Tuesday, April 15th. National Bankshares cut their price target on Great-West Lifeco from C$53.00 to C$52.00 and set a "sector perform" rating on the stock in a report on Thursday, May 8th. Finally, TD Securities lifted their price target on Great-West Lifeco from C$53.00 to C$62.00 and gave the company a "buy" rating in a report on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of C$55.56.
Get Our Latest Report on Great-West Lifeco
Great-West Lifeco Stock Performance
The company has a 50 day moving average of C$52.57 and a two-hundred day moving average of C$50.61. The stock has a market capitalization of C$47.43 billion, a PE ratio of 11.66, a P/E/G ratio of 2.26 and a beta of 0.84.
Great-West Lifeco Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 30th will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.44 annualized dividend and a yield of 4.79%. Great-West Lifeco's dividend payout ratio (DPR) is 50.79%.
Insider Buying and Selling
In other Great-West Lifeco news, insider L.P. Great-West Lifeco U.S. Holdings sold 75,457 shares of Great-West Lifeco stock in a transaction dated Monday, March 31st. The stock was sold at an average price of C$53.44, for a total transaction of C$4,032,671.09. Also, Senior Officer Dervla Mary Tomlin sold 36,700 shares of Great-West Lifeco 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. Insiders have sold a total of 142,157 shares of company stock worth $7,464,387 in the last ninety days. 70.70% of the stock is owned by insiders.
Great-West Lifeco Company Profile
(
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.
Featured Articles
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 Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
