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

Great-West Lifeco Inc. (TSE:GWO) declared a quarterly dividend on Tuesday, December 3rd,Zacks Dividends reports. Stockholders of record on Tuesday, December 31st 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 dividend yield of 4.40%. The ex-dividend date of this dividend is Tuesday, December 3rd.

Great-West Lifeco Price Performance

Shares of Great-West Lifeco stock opened at C$50.41 on Monday. The firm has a market cap of C$46.99 billion, a PE ratio of 12.67, a PEG ratio of 2.26 and a beta of 0.84. The stock has a 50 day moving average of C$47.60 and a 200 day moving average of C$43.80. The company has a current ratio of 37.46, a quick ratio of 22.18 and a debt-to-equity ratio of 29.61. Great-West Lifeco has a 12 month low of C$38.44 and a 12 month high of C$50.99.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Barclays raised their target price on shares of Great-West Lifeco from C$43.00 to C$45.00 in a report on Friday, November 8th. CIBC boosted their target price on shares of Great-West Lifeco from C$51.00 to C$55.00 in a report on Friday, November 8th. TD Securities upped 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 report on Wednesday, August 7th. Jefferies Financial Group lifted their price target on Great-West Lifeco from C$42.00 to C$48.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. Finally, Scotiabank raised their price objective on Great-West Lifeco from C$44.00 to C$50.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. One 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, Great-West Lifeco presently has a consensus rating of “Hold” and an average price target of C$47.63.

Insider Activity

In other Great-West Lifeco news, Director Charles Donald Harvey Henaire sold 26,400 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of C$49.50, for a total value of C$1,306,800.00. Also, Director Paul Mahon sold 146,826 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of C$49.88, for a total transaction of C$7,323,842.39. Over the last 90 days, insiders have sold 235,251 shares of company stock valued at $11,463,390. 70.70% of the stock is currently owned by insiders.

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.