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

Great-West Lifeco Inc. (TSE:GWO) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Shareholders 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 yield of 4.51%. The ex-dividend date of this dividend is Tuesday, December 3rd.

Great-West Lifeco Price Performance

Shares of GWO traded up C$0.29 during trading hours on Friday, reaching C$49.26. The stock had a trading volume of 35,794 shares, compared to its average volume of 2,618,797. The stock has a market capitalization of C$45.92 billion, a PE ratio of 12.30, a PEG ratio of 2.26 and a beta of 0.84. Great-West Lifeco has a 12 month low of C$38.44 and a 12 month high of C$49.50. The company has a debt-to-equity ratio of 29.61, a quick ratio of 22.18 and a current ratio of 37.46. The company’s 50-day moving average is C$46.00 and its two-hundred day moving average is C$42.83.

Great-West Lifeco (TSE:GWO) last posted its earnings results on Tuesday, August 6th. The company reported C$1.11 EPS for the quarter, beating the consensus estimate of C$1.05 by C$0.06. The firm had revenue of C$8.61 billion during the quarter, compared to the consensus estimate of C$9.83 billion. Great-West Lifeco had a return on equity of 13.21% and a net margin of 11.32%. Research analysts expect that Great-West Lifeco will post 4.4525194 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on GWO. Jefferies Financial Group raised their price objective on shares of Great-West Lifeco from C$42.00 to C$48.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Scotiabank boosted their price objective on shares of Great-West Lifeco from C$44.00 to C$50.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. Royal Bank of Canada raised their target price on Great-West Lifeco from C$45.00 to C$47.00 in a research report on Thursday, August 8th. TD Securities lifted their price objective on Great-West Lifeco from C$43.00 to C$44.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Finally, CIBC upped their target price 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Great-West Lifeco currently has a consensus rating of “Hold” and a consensus price target of C$46.38.

Insider Activity

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