Great-West Lifeco (TSE:GWO) Insider L.P. Great-West Lifeco U.S. Holdings Sells 46,413 Shares

Great-West Lifeco Inc. (TSE:GWO) insider L.P. Great-West Lifeco U.S. Holdings sold 46,413 shares of the business’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of C$63.46, for a total transaction of C$2,945,368.98.

Great-West Lifeco Stock Performance

Shares of Great-West Lifeco stock opened at C$65.15 on Wednesday. The company has a debt-to-equity ratio of 44.93, a quick ratio of 22.18 and a current ratio of 5.80. Great-West Lifeco Inc. has a 1 year low of C$49.54 and a 1 year high of C$68.56. The firm’s 50-day simple moving average is C$63.37 and its 200-day simple moving average is C$62.43. The firm has a market cap of C$59.10 billion, a PE ratio of 15.29, a price-to-earnings-growth ratio of 2.26 and a beta of 0.63.

Great-West Lifeco (TSE:GWO) last posted its quarterly earnings results on Wednesday, February 11th. The company reported C$1.36 EPS for the quarter. The business had revenue of C$8.34 billion during the quarter. Great-West Lifeco had a return on equity of 13.98% and a net margin of 10.96%. Equities analysts forecast that Great-West Lifeco Inc. will post 4.4525194 earnings per share for the current fiscal year.

Great-West Lifeco Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Tuesday, March 3rd. This is a positive change from Great-West Lifeco’s previous quarterly dividend of $0.61. Great-West Lifeco’s payout ratio is 57.28%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on GWO. TD Securities boosted their price target on Great-West Lifeco from C$70.00 to C$73.00 in a report on Wednesday, January 14th. Royal Bank Of Canada raised their price objective on Great-West Lifeco from C$60.00 to C$64.00 and gave the stock a “sector perform” rating in a research note on Friday, February 13th. Scotiabank lifted their price objective on shares of Great-West Lifeco from C$68.00 to C$70.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. BMO Capital Markets lowered their target price on shares of Great-West Lifeco from C$68.00 to C$66.00 and set a “market perform” rating for the company in a research note on Friday, February 13th. Finally, Barclays increased their target price on shares of Great-West Lifeco from C$59.00 to C$70.00 in a report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$67.22.

About Great-West Lifeco

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.