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Great-West Lifeco Inc. (0AH3.L)

LSE - LSE Delayed price. Currency in CAD
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30.19-1.99 (-6.18%)
At close: 03:03PM BST

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  • S
    Sev
    is it just general market direction that's been sinking this? it seems odd this tanks so bad given its solid fundamentals and good earnings.
  • M
    Mike
    Longterm outlook???
  • D
    DB C
    Took a third of a position today. In at $31.41 and will consider adding if we drop 10% or more from here.
  • D
    DB C
    Wow this has really tanked in the last six months. Interest rates have been jacked up quite a bit over this period. What am I missing here? Locking in a 6% div looks nice but the share price performance is kind of a red flag... Much bigger drop than rest of financials/market...
  • B
    Blue Horizon
    I have been watching Great-West Lifeco for some time and convinced this in one solid investments you would want in your portfolio. Great dividends and better returns than the banks!
  • R
    R
    Big announcement yesterday: Canada Life is taking over the government’s public service health care plan on a 12 year deal. This is probably the biggest client in Canada.
  • J
    J
    A buy at $28 CDN.
    7% dividend
  • m
    mmb
    No movement on the stock in over a year. dividend is nice. earnings we're good, but stock did nothing
  • J
    Jules Cesar
    GWO is roughly the same price than in ...2007 ! That is 15 years ago folks...What is the growth potential of this lagger nowadays ? is it barely a coupon providing 5%, that is it ?
  • N
    Nick
    Identical price as at 20 years ago

    Investors collect the dividend only

    Yet the management team of the Desmarais
    family maintain lofty salaries and job security .
  • C
    Colin
    Anyone know if there is a live way to watch the tsx trading volume of say gwo.to for insider trades? Or is the only way to wait until they disclose it?
  • t
    tom
    It’s building. You can see the sectors rotating into these quality holds. Heading to 34 soon and POW will report mar 17th which will give this a boost as the own 66% of GWO. I’m actively accumulating and what a dividend. Banks, Insurance and oil. That’s where it’s at!
  • R
    RNB
    Base earnings per common share (EPS) for the fourth quarter of 2021 of $0.89 increased by 11% from $0.80
  • N
    Noah
    Not many people on here, which I like to see. Interesting that it's getting hammered so hard. Should be a great long term investment from these levels.
  • t
    twiggypegger
    Solid beat this Q. Not sure if the gains from GLC and tax deferred benefit in the US were expected, but if so, it’s a huge beat at $.98 vs $.73 estimate. Even the base was a beat at $.80. Nice quarter. Still not sure if it will amount to much in price appreciation, but it’s nice to know the divvy is safe at a 6% yield.
  • X
    XpertTrading
    I’m not an insurance guy, but Rona convinced me to get a policy. Figured I’d invest as well so the dividends can cover the premiums
  • X
    XCX
    Just bought in at $29.27. Go GWO!
  • A
    Anonymous
    I am a new investor to GWO.TO. The chart looks good for the 50,100, and 200 day averages and the dividend is decent. Any other information would be greatly appreciated. Looking at this for the long term.
  • G
    Genesis_Gekko
    Management said the MassMutual purchase will increase eps by 5-10% for the next 6 quarters.

    Unfortunately, the CDN government will still not allow Insurers to buyback shares yet.
  • B
    Blue Horse Shoe
    Base earnings were $870 million, or $0.93 per diluted share. Great West had reported $826 million, or $0.89 per share for Q3 2020. The increase in base earnings primarily due to MassMutual business related base earnings of $68 million (US$54 million) and the impact of higher equity markets. The company also had favourable investment experience and a pension settlement gain in Europe and favourable morbidity experience in Canada.

    Base return on equity was 14.5%, versus 13.9% for the comparative period.

    Assets under administration (AUA) were approximately $2.2 trillion at Sept 30, 2021, an increase of 11% from Dec 31, 2020, due to the impact of equity market movement and new business growth

    "We made significant progress this quarter to drive value creation through both organic growth and acquisition. The transactions we announced in the U.S., Canada and Ireland will elevate our strategies and build new muscle as we scale and extend our business," said Paul Mahon, President and CEO of Great-West Lifeco. "We are pleased with the results Great-West Lifeco achieved in the third quarter, with strong underlying business performance across operating segments and the benefits of recent acquisitions driving double-digit base earnings growth and strong base ROE."

    The Board of Directors approved a quarterly dividend of $0.4380 per share on the common shares, payable Dec 31.

    Separately, Great West Lifeco announced that it intends to redeem all of its outstanding 5.9% Non-Cumulative First Preferred Shares, Series F on Dec 31. The redemption price will be $25 per Series F Share plus an amount equal to all declared and unpaid dividends, less any tax required to be deducted. The paid-up capital of the Series F shares is $20.59 each.