Shares of Great-West Lifeco Inc. (TSE:GWO - Get Free Report) 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.
Analysts Set New Price Targets
Several equities research analysts have weighed in on the stock. 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. CIBC lowered their price objective on shares of Great-West Lifeco from C$60.00 to C$57.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. TD Securities raised their price objective on shares of Great-West Lifeco from C$53.00 to C$62.00 and gave the company a "buy" rating in a research report on Thursday, April 3rd. Barclays upgraded shares of Great-West Lifeco from a "strong sell" rating to a "hold" rating in a research report on Monday, July 7th. Finally, BMO Capital Markets upped their target price on shares of Great-West Lifeco from C$54.00 to C$59.00 and gave the company a "market perform" rating in a research report on Thursday, April 3rd. 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 stock. According to MarketBeat, Great-West Lifeco presently has an average rating of "Moderate Buy" and an average target price of C$55.56.
Check Out Our Latest Research Report on GWO
Great-West Lifeco Stock Up 0.6%
The firm's 50-day moving average is C$51.33 and its 200-day moving average is C$51.27. The company has a market cap of C$48.75 billion, a PE ratio of 11.98, a PEG ratio of 2.26 and a beta of 0.84.
Great-West Lifeco Dividend Announcement
The company also recently disclosed 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 4.66%. The ex-dividend date was Monday, June 2nd. Great-West Lifeco's dividend payout ratio (DPR) is 50.79%.
Insider Activity
In other Great-West Lifeco news, Senior Officer David Martin Harney sold 20,700 shares of the business's 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 firm's 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. Corporate insiders own 70.70% of the company's stock.
Great-West Lifeco Company Profile
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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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