Great-West Lifeco (TSE:GWO) PT Raised to C$43.00

Great-West Lifeco (TSE:GWO) had its target price hoisted by National Bankshares from C$42.00 to C$43.00 in a report published on Thursday morning, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

A number of other research firms also recently issued reports on GWO. BMO Capital Markets increased 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 report on Thursday, January 25th. TD Securities reduced their price target on Great-West Lifeco from C$45.00 to C$44.00 in a research report on Thursday. Scotiabank raised their price objective 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, CIBC boosted their target price on Great-West Lifeco from C$44.00 to C$46.00 and gave the stock a neutral rating in a research note on Friday, February 16th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Hold and a consensus target price of C$44.00.

Great-West Lifeco Price Performance

Great-West Lifeco stock opened at C$42.23 on Thursday. The company has a debt-to-equity ratio of 32.33, a current ratio of 12.42 and a quick ratio of 22.18. The stock has a market cap of C$39.38 billion, a price-to-earnings ratio of 14.41, a price-to-earnings-growth ratio of 2.26 and a beta of 0.86. The firm has a 50-day moving average of C$41.95 and a two-hundred day moving average of C$42.27. Great-West Lifeco has a 1 year low of C$37.06 and a 1 year high of C$45.18.

Great-West Lifeco (TSE:GWO) last posted its quarterly earnings results on Wednesday, February 14th. The company reported C$1.04 earnings per share for the quarter, beating the consensus estimate of C$0.99 by C$0.05. Great-West Lifeco had a net margin of 7.95% and a return on equity of 10.28%. The firm had revenue of C$20.21 billion during the quarter. On average, research analysts forecast that Great-West Lifeco will post 4.137561 earnings per share for the current year.

Great-West Lifeco Dividend Announcement

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

Insider Buying and Selling

In other Great-West Lifeco news, 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 value of C$123,062.08. In other news, Senior Officer Bradley John Fedorchuk sold 2,900 shares of Great-West Lifeco stock in a transaction dated Monday, February 26th. The shares were sold at an average price of C$42.44, for a total value of C$123,062.08. Also, Senior Officer Linda Kerrigan sold 5,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of C$42.95, for a total transaction of C$214,750.00. In the last 90 days, insiders sold 13,300 shares of company stock valued at $566,402. 70.57% of the stock is owned by company insiders.

Great-West Lifeco Company Profile

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.