Insider Selling: Great-West Lifeco Inc. (TSE:GWO) Director Sells 26,400 Shares of Stock

Great-West Lifeco Inc. (TSE:GWO) Director Charles Donald Harvey Henaire sold 26,400 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of C$49.50, for a total value of C$1,306,800.00.

Charles Donald Harvey Henaire also recently made the following trade(s):

• On Wednesday, September 4th, Charles Donald Harvey Henaire sold 25,400 shares of Great-West Lifeco stock. The stock was sold at an average price of C$44.72, for a total value of C$1,135,888.00.

Great-West Lifeco Stock Performance

Shares of GWO stock opened at C$49.56 on Wednesday. The stock has a market capitalization of C$46.20 billion, a price-to-earnings ratio of 12.45, a PEG ratio of 2.26 and a beta of 0.84. Great-West Lifeco Inc. has a one year low of C$38.44 and a one year high of C$49.64. The company’s 50-day simple moving average is C$46.82 and its 200-day simple moving average is C$43.37. The company has a debt-to-equity ratio of 29.61, a quick ratio of 22.18 and a current ratio of 37.46.

Great-West Lifeco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 3rd will be given a $0.555 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $2.22 annualized dividend and a dividend yield of 4.48%. Great-West Lifeco’s payout ratio is 55.78%.

Analysts Set New Price Targets

Several equities analysts recently commented on GWO shares. Barclays boosted their price target on Great-West Lifeco from C$43.00 to C$45.00 in a research report on Friday, November 8th. TD Securities upped their target price on shares of Great-West Lifeco from C$43.00 to C$44.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Royal Bank of Canada lifted their price target on shares of Great-West Lifeco from C$47.00 to C$51.00 in a research note on Friday, November 8th. Jefferies Financial Group upped their price objective on shares of Great-West Lifeco from C$42.00 to C$48.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Finally, Scotiabank raised their target price on Great-West Lifeco from C$44.00 to C$50.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Great-West Lifeco currently has a consensus rating of “Hold” and a consensus target price of C$47.63.

Great-West Lifeco Company Profile

Great-West Lifeco Inc engages in the life and health insurance, retirement and investment services, asset management, and reinsurance businesses in Canada, the United States, and Europe. The company offers life, accidental death and dismemberment, disability, critical illness, health and dental protection, and creditor insurance products; and retirement and wealth savings, income and annuity products, and other specialty products to individuals, families, businesses, and organizations.