Great-West Lifeco Inc. (TSE:GWO) Director Sells C$1,135,888.00 in Stock

Great-West Lifeco Inc. (TSE:GWO) 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 value of C$1,135,888.00.

Great-West Lifeco Trading Up 0.0 %

TSE GWO opened at C$44.52 on Friday. Great-West Lifeco Inc. has a one year low of C$37.06 and a one year high of C$45.18. 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 has a market capitalization of C$41.50 billion, a price-to-earnings ratio of 11.21, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84. The company’s 50-day simple moving average is C$41.82 and its two-hundred day simple moving average is C$41.71.

Great-West Lifeco (TSE:GWO) last issued its quarterly earnings data on Tuesday, August 6th. The company reported C$1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.05 by C$0.06. The company had revenue of C$8.61 billion for the quarter, compared to analyst estimates of C$9.83 billion. Great-West Lifeco had a net margin of 11.32% and a return on equity of 13.21%. Equities analysts forecast that Great-West Lifeco Inc. will post 4.2808552 EPS for the current fiscal year.

Great-West Lifeco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 27th will be given a $0.555 dividend. This represents a $2.22 annualized dividend and a dividend yield of 4.99%. The ex-dividend date of this dividend is Friday, August 30th. Great-West Lifeco’s payout ratio is 55.92%.

Analysts Set New Price Targets

A number of research firms have weighed in on GWO. Royal Bank of Canada increased their target price on Great-West Lifeco from C$45.00 to C$47.00 in a research note on Thursday, August 8th. Jefferies Financial Group decreased their price objective on shares of Great-West Lifeco from C$46.00 to C$42.00 in a report on Thursday, July 18th. TD Securities upped their target price on shares of 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, Barclays set a C$43.00 price target on shares of Great-West Lifeco and gave the company an “underweight” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$43.78.

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.