Charles Donald Harvey Henaire Sells 28,800 Shares of Great-West Lifeco Inc. (TSE:GWO) Stock

Great-West Lifeco Inc. (TSE:GWO) Director Charles Donald Harvey Henaire sold 28,800 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of C$43.00, for a total value of C$1,238,400.00.

Great-West Lifeco Stock Up 1.4 %

GWO stock traded up C$0.60 during mid-day trading on Monday, reaching C$43.31. The company had a trading volume of 4,411,104 shares, compared to its average volume of 2,244,762. The company has a debt-to-equity ratio of 31.18, a quick ratio of 22.18 and a current ratio of 25.47. The company has a market capitalization of C$40.33 billion, a price-to-earnings ratio of 18.51, a price-to-earnings-growth ratio of 2.26 and a beta of 0.81. The firm has a fifty day simple moving average of C$39.45 and a 200 day simple moving average of C$39.08. Great-West Lifeco Inc. has a fifty-two week low of C$29.58 and a fifty-two week high of C$43.36.

Great-West Lifeco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 4.80%. The ex-dividend date of this dividend is Wednesday, November 29th. Great-West Lifeco’s dividend payout ratio (DPR) is presently 88.89%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. CIBC increased their price target on Great-West Lifeco from C$41.00 to C$42.00 in a report on Thursday, August 10th. Royal Bank of Canada increased their target price on Great-West Lifeco from C$40.00 to C$44.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 10th. Barclays increased their target price on Great-West Lifeco from C$40.00 to C$43.00 in a research note on Thursday, August 10th. TD Securities increased their target price on Great-West Lifeco from C$41.00 to C$42.00 and gave the stock a “hold” rating in a research note on Wednesday, August 9th. Finally, Desjardins decreased their target price on Great-West Lifeco from C$41.00 to C$40.00 and set a “hold” rating on the stock in a research note on Thursday, October 12th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$41.22.

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.