Great-West Lifeco (TSE:GWO) Sets New 12-Month High at $43.03

Shares of Great-West Lifeco Inc. (TSE:GWO) reached a new 52-week high on Monday . The company traded as high as C$43.03 and last traded at C$42.98, with a volume of 404633 shares trading hands. The stock had previously closed at C$42.71.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on GWO shares. Desjardins lowered their price objective on Great-West Lifeco from C$41.00 to C$40.00 and set a “hold” rating on the stock in a research report on Thursday, October 12th. CIBC boosted 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 boosted their price target on 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. BMO Capital Markets boosted their price target on Great-West Lifeco from C$40.00 to C$42.00 in a report on Thursday, August 10th. Finally, TD Securities boosted their price target on 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. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of C$41.22.

Great-West Lifeco Trading Up 0.6 %

The company has a current ratio of 25.47, a quick ratio of 22.18 and a debt-to-equity ratio of 31.18. The stock has a 50 day simple moving average of C$39.45 and a 200-day simple moving average of C$39.08. The firm has a market cap of C$40.01 billion, a P/E ratio of 18.25, a P/E/G ratio of 2.26 and a beta of 0.81.

Great-West Lifeco Announces Dividend

The company also recently disclosed 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 4.84%. The ex-dividend date of this dividend is Wednesday, November 29th. Great-West Lifeco’s payout ratio is 88.89%.

Insiders Place Their Bets

In other Great-West Lifeco news, Senior Officer Garry Macnicholas sold 65,000 shares of Great-West Lifeco stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of C$41.99, for a total value of C$2,729,415.00. In other news, Senior Officer Jeffrey Frederick Macoun sold 35,900 shares of the business’s 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. Also, Senior Officer Garry Macnicholas sold 65,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of C$41.99, for a total value of C$2,729,415.00. Insiders have sold a total of 138,600 shares of company stock valued at $5,833,267 in the last quarter. 70.70% of the stock is currently owned by insiders.

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.