Key Points
- Director Edmund Francis Murphy sold 94,532 shares on Nov. 24 at C$64.51 for about C$6.10 million, leaving him with 4,916 shares (a 95.06% reduction in his position).
- Great-West Lifeco declared a quarterly dividend of C$0.61 per share (C$2.44 annualized, ~3.6% yield) with an ex-dividend date of Dec. 3 and payment/record date on Dec. 31.
- The stock trades near C$66.90 (1‑year range C$44.89–C$68.12) with a market cap around C$60.8B, a PE of 15.5, and an analyst consensus of "Moderate Buy" with an average target of C$62.11.
Great-West Lifeco Inc. (TSE:GWO - Get Free Report) Director Edmund Francis Murphy sold 94,532 shares of the stock in a transaction on Monday, November 24th. The shares were sold at an average price of C$64.51, for a total value of C$6,098,259.32. Following the completion of the transaction, the director owned 4,916 shares of the company's stock, valued at C$317,131.16. This trade represents a 95.06% decrease in their position.
Great-West Lifeco Trading Down 0.2%
TSE GWO opened at C$66.90 on Friday. Great-West Lifeco Inc. has a 1 year low of C$44.89 and a 1 year high of C$68.12. The company has a market cap of C$60.75 billion, a PE ratio of 15.52, a PEG ratio of 2.26 and a beta of 0.69. The stock's 50-day moving average price is C$62.15 and its two-hundred day moving average price is C$56.34.
Great-West Lifeco (TSE:GWO - Get Free Report) last announced its earnings results on Wednesday, November 5th. The company reported C$1.33 EPS for the quarter. The company had revenue of C$8.21 billion during the quarter. Great-West Lifeco had a net margin of 16.06% and a return on equity of 14.81%. Research analysts forecast that Great-West Lifeco Inc. will post 4.4525194 EPS for the current fiscal year.
Great-West Lifeco Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 3.6%. The ex-dividend date is Wednesday, December 3rd. Great-West Lifeco's payout ratio is presently 55.34%.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the company. Royal Bank Of Canada increased their target price on Great-West Lifeco from C$53.00 to C$60.00 in a report on Monday, November 10th. UBS Group upgraded Great-West Lifeco to a "strong-buy" rating in a research report on Thursday, October 16th. National Bankshares upped their target price on Great-West Lifeco from C$58.00 to C$59.00 in a report on Thursday, November 6th. BMO Capital Markets boosted their price objective on shares of Great-West Lifeco from C$60.00 to C$66.00 in a research report on Monday, November 10th. Finally, TD Securities increased their target price on shares of Great-West Lifeco from C$66.00 to C$70.00 and gave the stock a "buy" rating in a research report on Thursday, November 6th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of C$62.11.
View Our Latest Stock Report on GWO
About Great-West Lifeco
(
Get Free Report)
Great-West Lifeco is one of the three big Canadian life insurance firms. With just under half of the firm's profit and revenue in Canada, Great-West also operates in the U.S. and Europe. In Canada, Great-West provides both individual and group insurance. In the United States, Great-West operates Putnam Investments and defined-contribution recordkeeping firm Empower Retirement. In 2020, Great-West announced it would acquire Personal Capital and MassMutual's recordkeeping business. In Europe, Great-West offers life insurance, annuities, and reinsurance primarily in the U.K., Ireland, and Germany.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
