TD Securities Raises Great-West Lifeco (TSE:GWO) Price Target to C$45.00

Great-West Lifeco (TSE:GWOFree Report) had its price target increased by TD Securities from C$44.00 to C$45.00 in a research report report published on Friday morning, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

Other equities analysts also recently issued reports about the company. BMO Capital Markets lifted their price target on Great-West Lifeco from C$42.00 to C$44.00 and gave the stock a market perform rating in a research note on Thursday, January 25th. Scotiabank lifted their price target on Great-West Lifeco from C$42.00 to C$44.00 and gave the stock a sector perform rating in a research note on Tuesday, February 6th. National Bankshares lifted their target price on Great-West Lifeco from C$40.00 to C$42.00 and gave the company a sector perform rating in a research note on Tuesday, January 23rd. Finally, CIBC lifted their target price on Great-West Lifeco from C$44.00 to C$46.00 and gave the company a neutral rating in a research note on Friday, February 16th. Seven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Great-West Lifeco currently has an average rating of Hold and a consensus target price of C$43.11.

View Our Latest Research Report on Great-West Lifeco

Great-West Lifeco Stock Down 0.3 %

TSE:GWO opened at C$40.36 on Friday. The company has a market capitalization of C$37.63 billion, a price-to-earnings ratio of 13.77, a price-to-earnings-growth ratio of 2.26 and a beta of 0.86. Great-West Lifeco has a one year low of C$37.05 and a one year high of C$45.18. The stock has a 50-day simple moving average of C$42.60 and a 200 day simple moving average of C$42.06. The company has a debt-to-equity ratio of 32.33, a quick ratio of 22.18 and a current ratio of 12.42.

Great-West Lifeco (TSE:GWOGet Free Report) last posted its quarterly earnings results on Wednesday, February 14th. The company reported C$1.04 EPS 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 return on equity of 10.28% and a net margin of 7.95%. Sell-side analysts predict that Great-West Lifeco will post 4.137561 EPS for the current fiscal year.

Great-West Lifeco Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were issued a dividend of $0.555 per share. 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 yield of 5.50%. Great-West Lifeco’s payout ratio is presently 75.77%.

Insider Buying and Selling

In related news, Senior Officer Dervla Mary Tomlin sold 5,400 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of C$42.33, for a total transaction of C$228,590.10. In other Great-West Lifeco news, Senior Officer Dervla Mary Tomlin sold 5,400 shares of Great-West Lifeco stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of C$42.33, for a total value of C$228,590.10. Also, Senior Officer Bradley John Fedorchuk sold 2,900 shares of Great-West Lifeco 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. Insiders have sold a total of 13,300 shares of company stock valued at $566,402 over the last quarter. Corporate insiders own 70.57% of the company’s stock.

About Great-West Lifeco

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Great-West Lifeco (TSE:GWO)

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