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 stock in a transaction dated Friday, June 19th. The shares were sold at an average price of C$89.55, for a total transaction of C$1,791,000.00. Following the completion of the sale, the insider owned 160 shares of the company’s stock, valued at approximately C$14,328. The trade was a 99.21% decrease in their position.

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 stock was sold at an average price of C$79.57, for a total value of C$1,575,486.00.

Great-West Lifeco Trading Down 1.7%

Shares of Great-West Lifeco stock opened at C$88.18 on Friday. The company has a debt-to-equity ratio of 29.59, a current ratio of 6.57 and a quick ratio of 22.18. The stock’s 50 day simple moving average is C$77.02 and its 200-day simple moving average is C$69.05. The stock has a market cap of C$79.19 billion, a P/E ratio of 18.96, a P/E/G ratio of 2.26 and a beta of 0.69. Great-West Lifeco Inc. has a 1-year low of C$49.88 and a 1-year high of C$90.36.

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

Great-West Lifeco Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Jefferies Financial Group lifted their price target on Great-West Lifeco from C$70.00 to C$83.00 in a report on Friday, May 1st. TD raised their price objective on shares of Great-West Lifeco from C$73.00 to C$80.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Barclays boosted their target price on shares of Great-West Lifeco from C$70.00 to C$73.00 in a report on Thursday, May 7th. Scotia increased their price target on shares of Great-West Lifeco from C$78.00 to C$83.00 and gave the company a “sector outperform” rating in a research note on Friday, May 8th. Finally, National Bank Financial raised their price target on shares of Great-West Lifeco from C$65.00 to C$73.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$77.18.

Great-West Lifeco Company Profile

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.