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

Great-West Lifeco Inc. (TSE:GWO - Get Free Report) 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 yield of 4.52%. The ex-dividend date of this dividend is Tuesday, December 3rd.

Great-West Lifeco Price Performance

TSE:GWO traded up C$0.12 during trading hours on Friday, reaching C$49.09. 840,338 shares of the company's stock were exchanged, compared to its average volume of 2,622,517. The company has a market capitalization of C$45.76 billion, a P/E ratio of 12.30, a price-to-earnings-growth 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$49.54. The company has a quick ratio of 22.18, a current ratio of 37.46 and a debt-to-equity ratio of 29.61. The business's 50-day simple moving average is C$46.00 and its two-hundred day simple moving average is C$42.83.

Great-West Lifeco (TSE:GWO - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The company reported C$1.11 EPS 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 firm had revenue of C$8.61 billion during the quarter, compared to analyst estimates of C$9.83 billion. Sell-side analysts expect that Great-West Lifeco will post 4.4525194 EPS for the current fiscal year.

Insider Buying and Selling

In other Great-West Lifeco news, Director Charles Donald Harvey Henaire sold 25,400 shares of the firm's stock in a transaction on 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. In other Great-West Lifeco news, Director Charles Donald Harvey Henaire sold 25,400 shares of the firm's stock in a transaction on 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 firm's stock in a transaction 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. Insiders own 70.70% of the company's stock.

Analysts Set New Price Targets

GWO has been the subject of a number of recent analyst reports. Scotiabank raised 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. CIBC lifted their target price on shares of Great-West Lifeco from C$51.00 to C$55.00 in a research note on Friday. TD Securities lifted their target price on shares of Great-West Lifeco from C$43.00 to C$44.00 and gave the company a "hold" rating in a research note on Wednesday, August 7th. Jefferies Financial Group lifted their target price on shares of Great-West Lifeco from C$42.00 to C$48.00 and gave the company a "hold" rating in a research note on Wednesday, October 16th. Finally, Barclays lifted their target price on shares of Great-West Lifeco from C$43.00 to C$45.00 in a research note on Friday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of C$47.63.

About Great-West Lifeco

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.