TD Securities Cuts Great-West Lifeco (TSE:GWO) Price Target to C$44.00

Great-West Lifeco (TSE:GWO) had its price target lowered by TD Securities from C$45.00 to C$44.00 in a report published on Thursday, BayStreet.CA reports.

A number of other research analysts have also issued reports on GWO. BMO Capital Markets increased their target price on Great-West Lifeco from C$42.00 to C$44.00 and gave the company a market perform rating in a research report on Thursday, January 25th. CIBC increased 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 report on Friday, February 16th. Scotiabank increased their target price on Great-West Lifeco from C$42.00 to C$44.00 and gave the company a sector perform rating in a research report on Tuesday, February 6th. Finally, National Bankshares increased 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 report on Tuesday, January 23rd. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Hold and a consensus price target of C$43.60.

Great-West Lifeco Price Performance

Shares of TSE GWO opened at C$42.23 on Thursday. The stock has a market capitalization of C$39.38 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 2.26 and a beta of 0.86. Great-West Lifeco has a 12 month low of C$37.06 and a 12 month high of C$45.18. The firm’s 50 day simple moving average is C$41.95 and its 200-day simple moving average is C$42.23. The company has a debt-to-equity ratio of 32.33, a current ratio of 12.42 and a quick ratio of 22.18.

Great-West Lifeco (TSE:GWO) last issued its quarterly earnings data 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 for the quarter. Great-West Lifeco had a net margin of 7.95% and a return on equity of 10.28%. Analysts expect that Great-West Lifeco will post 4.137561 EPS for the current year.

Great-West Lifeco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be paid a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 5.26%. The ex-dividend date is Friday, May 31st. Great-West Lifeco’s dividend payout ratio (DPR) is presently 75.77%.

Insiders Place Their Bets

In other Great-West Lifeco news, Senior Officer Dervla Mary Tomlin sold 5,400 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of C$42.33, for a total value of C$228,590.10. In related news, Senior Officer Dervla Mary Tomlin sold 5,400 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of C$42.33, for a total transaction of C$228,590.10. Also, Senior Officer Linda Kerrigan sold 5,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of C$42.95, for a total value of C$214,750.00. Insiders sold 13,300 shares of company stock valued at $566,402 in the last three months. 70.57% 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.