Great-West Lifeco (TSE:GWO) Share Price Crosses Above 200 Day Moving Average of $34.83

Great-West Lifeco Inc. (TSE:GWO – Get Rating) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$34.83 and traded as high as C$39.48. Great-West Lifeco shares last traded at C$39.23, with a volume of 2,563,840 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Scotiabank raised their price target on shares of Great-West Lifeco from C$38.00 to C$39.00 in a research note on Friday, February 10th. CSFB raised their price target on shares of Great-West Lifeco from C$37.00 to C$40.00 in a research note on Friday, May 5th. Royal Bank of Canada lifted their target price on shares of Great-West Lifeco from C$36.00 to C$40.00 and gave the stock a “sector perform” rating in a research report on Friday, February 10th. CIBC upgraded shares of Great-West Lifeco from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from C$37.00 to C$40.00 in a research report on Friday, February 10th. Finally, TD Securities lifted their target price on shares of Great-West Lifeco from C$34.00 to C$36.00 and gave the stock a “hold” rating in a research report on Thursday, February 9th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Great-West Lifeco presently has an average rating of “Hold” and a consensus target price of C$36.88.

Great-West Lifeco Stock Up 0.8 %

The stock has a market cap of C$36.55 billion, a price-to-earnings ratio of 14.69, a P/E/G ratio of 2.05 and a beta of 0.82. The company has a current ratio of 42.86, a quick ratio of 22.18 and a debt-to-equity ratio of 35.51. The stock’s 50-day moving average price is C$37.37 and its 200-day moving average price is C$34.83.

Great-West Lifeco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 30th will be given a $0.52 dividend. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 5.30%. Great-West Lifeco’s dividend payout ratio (DPR) is currently 77.90%.

Great-West Lifeco Company Profile

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Great-West Lifeco Inc, a financial services holding company, 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 a portfolio of financial and benefit plan solutions for individuals, families, businesses, and organizations; life, disability, critical illness, accidental death, dismemberment, health and dental protection, and creditor insurance products; and retirement savings and income, annuity, and other specialty products.