Great-West Lifeco (GWO) to Release Quarterly Earnings on Wednesday

Great-West Lifeco (TSE:GWO) will release its earnings data after the market closes on Wednesday, May 1st. Analysts expect Great-West Lifeco to post earnings of C$1.02 per share for the quarter.

Great-West Lifeco (TSE:GWO) last issued its quarterly earnings data on Wednesday, February 14th. The company reported C$1.04 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.99 by C$0.05. The business had revenue of C$20.21 billion during the quarter. Great-West Lifeco had a net margin of 7.95% and a return on equity of 10.28%.

Great-West Lifeco Price Performance

Shares of GWO stock traded down C$0.01 on Tuesday, reaching C$40.66. 128,075 shares of the company were exchanged, compared to its average volume of 2,257,473. Great-West Lifeco has a 1 year low of C$37.06 and a 1 year high of C$45.18. The company has a market cap of C$37.91 billion, a price-to-earnings ratio of 13.88, a P/E/G ratio of 2.26 and a beta of 0.86. The company has a debt-to-equity ratio of 32.33, a quick ratio of 22.18 and a current ratio of 12.42. The business has a 50-day moving average price of C$42.05 and a 200 day moving average price of C$42.20.

Great-West Lifeco Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were paid a $0.555 dividend. This is a boost from Great-West Lifeco’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $2.22 annualized dividend and a dividend yield of 5.46%. Great-West Lifeco’s dividend payout ratio is 75.77%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on GWO shares. CIBC increased their target price on shares of Great-West Lifeco from C$44.00 to C$46.00 and gave the stock a “neutral” rating in a report on Friday, February 16th. BMO Capital Markets raised their price objective on shares of Great-West Lifeco from C$42.00 to C$44.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. National Bankshares raised their target price on shares of Great-West Lifeco from C$40.00 to C$42.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 23rd. Scotiabank raised their price objective on shares of Great-West Lifeco from C$42.00 to C$44.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 6th. Finally, TD Securities lifted their target price on shares of Great-West Lifeco from C$44.00 to C$45.00 and gave the stock a “hold” rating in a research report on Friday, April 12th. Seven research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Great-West Lifeco presently has an average rating of “Hold” and a consensus price target of C$43.11.

Insider Activity

In related news, Senior Officer Linda Kerrigan sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of C$42.95, for a total transaction of C$214,750.00. In related news, Senior Officer Linda Kerrigan sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of C$42.95, for a total transaction of C$214,750.00. Also, Senior Officer Bradley John Fedorchuk sold 2,900 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of C$42.44, for a total transaction of C$123,062.08. In the last quarter, insiders sold 13,300 shares of company stock worth $566,402. Corporate insiders own 70.57% of the company’s stock.

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.