Great-West Lifeco (TSE:GWO) Insider Jean-Francois Poulin Sells 20,000 Shares of Stock

Great-West Lifeco Inc. (TSE:GWO) insider Jean-Francois Poulin sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, June 19th. The stock was sold at an average price of C$89.55, for a total value of C$1,791,000.00. Following the transaction, the insider directly owned 160 shares in the company, valued at C$14,328. The trade was a 99.21% decrease in their ownership of the stock.

Jean-Francois Poulin also recently made the following trade(s):

• On Thursday, May 21st, Jean-Francois Poulin sold 19,800 shares of Great-West Lifeco stock. The shares were sold at an average price of C$79.57, for a total transaction of C$1,575,486.00.

Great-West Lifeco Stock Down 0.9%

TSE GWO traded down C$0.77 during mid-day trading on Friday, hitting C$88.93. The company’s stock had a trading volume of 236,515 shares, compared to its average volume of 1,752,096. The firm has a market capitalization of C$79.86 billion, a price-to-earnings ratio of 19.12, a PEG ratio of 2.26 and a beta of 0.69. The company’s 50 day simple moving average is C$76.60 and its 200 day simple moving average is C$68.91. The company has a current ratio of 6.57, a quick ratio of 22.18 and a debt-to-equity ratio of 29.59. Great-West Lifeco Inc. has a twelve month low of C$49.88 and a twelve month high of C$90.36.

Great-West Lifeco (TSE:GWO) last released its quarterly earnings data on Wednesday, May 6th. The company reported C$1.37 earnings per share for the quarter. Great-West Lifeco had a net margin of 12.86% and a return on equity of 15.17%. The firm had revenue of C$8.37 billion for the quarter. Analysts anticipate that Great-West Lifeco Inc. will post 4.4525194 earnings per share for the current year.

Great-West Lifeco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a $2.68 annualized dividend and a dividend yield of 3.0%. Great-West Lifeco’s payout ratio is presently 53.76%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Desjardins raised their price target on shares of Great-West Lifeco from C$71.00 to C$80.00 and gave the company a “hold” rating in a research report on Friday, May 8th. Barclays increased their price objective on Great-West Lifeco from C$70.00 to C$73.00 in a research note on Thursday, May 7th. Jefferies Financial Group raised their target price on Great-West Lifeco from C$70.00 to C$83.00 in a report on Friday, May 1st. National Bank Financial lifted their target price on Great-West Lifeco from C$65.00 to C$73.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Finally, Royal Bank Of Canada increased their price target on Great-West Lifeco from C$64.00 to C$77.00 in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$77.18.

About Great-West Lifeco

Great-West Lifeco is one of the three big Canadian life insurance firms. With just under half of the firm’s profit and revenue in Canada, Great-West also operates in the U.S. and Europe. In Canada, Great-West provides both individual and group insurance. In the United States, Great-West operates Putnam Investments and defined-contribution recordkeeping firm Empower Retirement. In 2020, Great-West announced it would acquire Personal Capital and MassMutual’s recordkeeping business. In Europe, Great-West offers life insurance, annuities, and reinsurance primarily in the U.K., Ireland, and Germany.