Morneau Shepell Inc. (TSE:MSI) insider Sr. William Frank Morneau sold 50,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of C$22.25, for a total transaction of C$1,112,500.00.

Morneau Shepell Inc. (MSI) traded down C$0.21 during midday trading on Wednesday, reaching C$22.05. 63,572 shares of the company’s stock were exchanged, compared to its average volume of 54,569. Morneau Shepell Inc. has a 52 week low of C$17.96 and a 52 week high of C$22.39.

The business also recently announced a monthly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be given a $0.065 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $0.78 dividend on an annualized basis and a yield of 3.54%. Morneau Shepell’s payout ratio is currently 121.88%.

MSI has been the topic of several recent research reports. National Bank Financial boosted their price target on shares of Morneau Shepell from C$22.50 to C$24.00 and gave the company an “outperform” rating in a research report on Monday, November 27th. TD Securities upped their target price on shares of Morneau Shepell from C$24.00 to C$25.00 and gave the company a “buy” rating in a research report on Thursday, November 9th.

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About Morneau Shepell

Morneau Shepell Inc is a Canada-based company, which provides health and productivity, administrative and retirement solutions to assist employers in managing the financial security, health and productivity of their employees. The Company offers its services to organizations that are situated in Canada, the United States and internationally.

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