Great-West Lifeco (TSE:GWO) Stock Price Passes Above 200 Day Moving Average - What's Next?

Great-West Lifeco Inc. (TSE:GWO - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$50.73 and traded as high as C$51.17. Great-West Lifeco shares last traded at C$51.08, with a volume of 2,774,601 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. TD Securities boosted their target price on Great-West Lifeco from C$53.00 to C$62.00 and gave the company a "buy" rating in a research note on Thursday, April 3rd. Jefferies Financial Group reduced their price target on Great-West Lifeco from C$58.00 to C$57.00 in a report on Monday, April 21st. BMO Capital Markets boosted their price target on Great-West Lifeco from C$54.00 to C$59.00 and gave the company a "market perform" rating in a research note on Thursday, April 3rd. CIBC cut their price objective 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, Royal Bank Of Canada set a C$53.00 target price on shares of Great-West Lifeco and gave the company a "sector perform" rating in a research note on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Great-West Lifeco has an average rating of "Hold" and an average price target of C$55.56.

Great-West Lifeco Stock Up 0.9%

The business has a 50-day simple moving average of C$51.68 and a 200-day simple moving average of C$50.73. The stock has a market cap of C$47.97 billion, a P/E ratio of 11.79, a PEG ratio of 2.26 and a beta of 0.84.

Great-West Lifeco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 30th will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date is Monday, June 2nd. Great-West Lifeco's dividend payout ratio is 50.79%.

Insider Activity

In other Great-West Lifeco news, Senior Officer David Martin Harney sold 20,700 shares of the stock in a transaction 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. Also, Senior Officer Dervla Mary Tomlin sold 36,700 shares of the firm's stock in a transaction on Friday, May 16th. The stock was sold at an average price of C$51.05, for a total transaction of C$1,873,520.32. Over the last ninety days, insiders have sold 132,857 shares of company stock valued at $6,979,455. 70.70% of the stock is owned by insiders.

Great-West Lifeco Company Profile

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.