Jeffrey Frederick Macoun Sells 35,900 Shares of Great-West Lifeco Inc. (TSE:GWO) Stock

Great-West Lifeco Inc. (TSE:GWO) Senior Officer Jeffrey Frederick Macoun sold 35,900 shares of Great-West Lifeco stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of C$42.56, for a total transaction of C$1,527,882.46.

Great-West Lifeco Price Performance

TSE GWO opened at C$42.71 on Friday. The company has a quick ratio of 22.18, a current ratio of 25.47 and a debt-to-equity ratio of 31.18. The stock has a market capitalization of C$39.78 billion, a PE ratio of 18.25, a price-to-earnings-growth ratio of 2.26 and a beta of 0.81. The company has a 50 day moving average price of C$39.45 and a two-hundred day moving average price of C$39.08. Great-West Lifeco Inc. has a 12-month low of C$29.58 and a 12-month high of C$43.03.

Great-West Lifeco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, November 30th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date is Wednesday, November 29th. Great-West Lifeco’s dividend payout ratio (DPR) is presently 88.89%.

Analysts Set New Price Targets

GWO has been the subject of several research reports. CIBC raised their price target on shares of Great-West Lifeco from C$41.00 to C$42.00 in a report on Thursday, August 10th. Royal Bank of Canada raised their price target on shares of Great-West Lifeco from C$40.00 to C$44.00 and gave the stock a “sector perform” rating in a report on Thursday, August 10th. TD Securities raised their price target on shares of Great-West Lifeco from C$41.00 to C$42.00 and gave the stock a “hold” rating in a report on Wednesday, August 9th. Barclays raised their price target on shares of Great-West Lifeco from C$40.00 to C$43.00 in a report on Thursday, August 10th. Finally, Desjardins decreased their price target on shares of Great-West Lifeco from C$41.00 to C$40.00 and set a “hold” rating for the company in a report on Thursday, October 12th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$41.22.

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.