Edmund Francis Murphy Sells 15,000 Shares of Great-West Lifeco Inc. (TSE:GWO) Stock

Great-West Lifeco Inc. (TSE:GWO) Director Edmund Francis Murphy sold 15,000 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of C$52.31, for a total value of C$784,695.00.

Great-West Lifeco Stock Down 0.4 %

TSE:GWO traded down C$0.20 during trading hours on Tuesday, hitting C$51.15. The company’s stock had a trading volume of 42,648 shares, compared to its average volume of 1,777,017. Great-West Lifeco Inc. has a 52-week low of C$38.44 and a 52-week high of C$52.48. The company has a current ratio of 37.46, a quick ratio of 22.18 and a debt-to-equity ratio of 29.61. The stock has a market capitalization of C$47.68 billion, a P/E ratio of 12.85, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84. The stock has a fifty day moving average of C$47.37 and a 200-day moving average of C$46.16.

Great-West Lifeco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a yield of 4.34%. The ex-dividend date was Tuesday, December 3rd. Great-West Lifeco’s payout ratio is 55.78%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on GWO shares. Royal Bank of Canada lifted their target price on shares of Great-West Lifeco from C$51.00 to C$53.00 and gave the company a “sector perform” rating in a report on Friday. CIBC raised Great-West Lifeco from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from C$56.00 to C$60.00 in a research note on Friday. Cibc World Mkts raised Great-West Lifeco from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 6th. Scotiabank raised their target price on Great-West Lifeco from C$59.00 to C$60.00 and gave the company an “outperform” rating in a report on Friday. Finally, Barclays boosted their price target on shares of Great-West Lifeco from C$45.00 to C$46.00 in a research note on Monday, January 6th. One equities research 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$52.22.

About Great-West Lifeco

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.