Great-West Lifeco Inc. to Issue Quarterly Dividend of $0.56 (TSE:GWO)

Great-West Lifeco Inc. (TSE:GWO) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Investors of record on Tuesday, December 3rd will be paid a dividend of 0.555 per share on Tuesday, December 31st. This represents a $2.22 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date of this dividend is Tuesday, December 3rd.

Great-West Lifeco Trading Up 0.6 %

TSE:GWO traded up C$0.29 during mid-day trading on Friday, hitting C$49.26. The company had a trading volume of 35,794 shares, compared to its average volume of 2,618,797. The company has a debt-to-equity ratio of 29.61, a quick ratio of 22.18 and a current ratio of 37.46. Great-West Lifeco has a fifty-two week low of C$38.44 and a fifty-two week high of C$49.50. The firm has a market cap of C$45.92 billion, a P/E ratio of 12.30, a P/E/G ratio of 2.26 and a beta of 0.84. The business’s fifty day moving average is C$46.00 and its two-hundred day moving average is C$42.83.

Great-West Lifeco (TSE:GWO) last announced its quarterly earnings results on Tuesday, August 6th. The company reported C$1.11 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.05 by C$0.06. Great-West Lifeco had a net margin of 11.32% and a return on equity of 13.21%. The company had revenue of C$8.61 billion for the quarter, compared to analysts’ expectations of C$9.83 billion. As a group, research analysts expect that Great-West Lifeco will post 4.4525194 earnings per share for the current year.

Insider Activity at Great-West Lifeco

In other news, Director Charles Donald Harvey Henaire sold 25,400 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of C$44.72, for a total transaction of C$1,135,888.00. In other Great-West Lifeco news, Director Charles Donald Harvey Henaire sold 25,400 shares of Great-West Lifeco stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of C$44.72, for a total value of C$1,135,888.00. Also, Director Richard Henry Linton sold 35,800 shares of the business’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of C$46.27, for a total transaction of C$1,656,344.28. 70.70% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently commented on GWO. TD Securities raised their price objective on shares of Great-West Lifeco from C$43.00 to C$44.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. CIBC boosted their price target on Great-West Lifeco from C$46.00 to C$51.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Scotiabank upped their price objective on Great-West Lifeco from C$44.00 to C$50.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Royal Bank of Canada boosted their target price on Great-West Lifeco from C$45.00 to C$47.00 in a research note on Thursday, August 8th. Finally, Barclays set a C$43.00 price target on shares of Great-West Lifeco and gave the stock an “underweight” rating in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Great-West Lifeco has a consensus rating of “Hold” and an average target price of C$46.38.

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.