Great-West Lifeco (TSE:GWO - Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of C$1.08 per share for the quarter.
Great-West Lifeco (TSE:GWO - Get Free Report) last issued 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 net margin of 11.32% and a return on equity of 13.21%.
Great-West Lifeco Trading Up 0.3 %
GWO traded up C$0.14 during mid-day trading on Friday, hitting C$46.86. The stock had a trading volume of 1,571,663 shares, compared to its average volume of 2,629,230. Great-West Lifeco has a 1-year low of C$38.44 and a 1-year high of C$47.76. The firm has a market capitalization of C$43.68 billion, a price-to-earnings ratio of 11.77, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84. The company has a debt-to-equity ratio of 29.61, a current ratio of 37.46 and a quick ratio of 22.18. The stock's fifty day simple moving average is C$45.78 and its 200-day simple moving average is C$42.68.
Great-West Lifeco Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were paid a $0.555 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.22 dividend on an annualized basis and a yield of 4.74%. Great-West Lifeco's payout ratio is 55.78%.
Insider Transactions at Great-West Lifeco
In other Great-West Lifeco news, Director Richard Henry Linton sold 35,800 shares of the business'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. In related news, Director Charles Donald Harvey Henaire sold 25,400 shares of the firm's 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 Great-West Lifeco stock in a transaction dated Friday, October 4th. The stock was sold at an average price of C$46.27, for a total value of C$1,656,344.28. Company insiders own 70.70% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on GWO shares. CIBC raised their price target on Great-West Lifeco from C$46.00 to C$51.00 and gave the stock a "neutral" rating in a research report on Wednesday. Jefferies Financial Group lifted their price target 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. TD Securities upped their price target on shares of Great-West Lifeco from C$43.00 to C$44.00 and gave the company a "hold" rating in a report on Wednesday, August 7th. Royal Bank of Canada raised their price objective on shares of Great-West Lifeco from C$45.00 to C$47.00 in a report on Thursday, August 8th. Finally, Scotiabank upped their target price 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of C$46.38.
Check Out Our Latest Analysis on GWO
About Great-West Lifeco
(
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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.
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