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

Great-West Lifeco Inc. (TSE:GWO - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$51.27 and traded as high as C$52.26. Great-West Lifeco shares last traded at C$52.06, with a volume of 1,569,856 shares traded.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. CIBC dropped their price target 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 note on Thursday, May 1st. National Bankshares lowered 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 note on Thursday, May 8th. Jefferies Financial Group lowered their target price on shares of Great-West Lifeco from C$58.00 to C$57.00 in a research note on Monday, April 21st. TD Securities lifted their target price on shares of 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. Finally, Barclays upgraded shares of Great-West Lifeco from a "strong sell" rating to a "hold" rating in a research note on Monday, July 7th. Six investment 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. According to data from MarketBeat.com, Great-West Lifeco presently has an average rating of "Moderate Buy" and a consensus price target of C$55.56.

Great-West Lifeco Trading Down 0.7%

The firm has a market cap of C$48.82 billion, a PE ratio of 12.00, a PEG ratio of 2.26 and a beta of 0.84. The firm's 50 day simple moving average is C$51.49 and its 200 day simple moving average is C$51.40.

Great-West Lifeco Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 4.65%. The ex-dividend date was Monday, June 2nd. Great-West Lifeco's payout ratio is currently 50.79%.

Insider Buying and Selling at Great-West Lifeco

In other Great-West Lifeco news, Senior Officer David Martin Harney sold 20,700 shares of the business's 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 business's stock in a transaction dated 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. 70.70% of the stock is owned by insiders.

About Great-West Lifeco

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.