Great-West Lifeco Inc. (TSE:GWO) Receives C$62.11 Average Price Target from Analysts

by · The Cerbat Gem

Great-West Lifeco Inc. (TSE:GWO – Get Free Report) has been assigned an average rating of “Moderate Buy” from the eleven brokerages that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$62.11.

A number of research analysts have issued reports on the company. CIBC lifted their price objective on Great-West Lifeco from C$65.00 to C$67.00 in a report on Friday, November 7th. BMO Capital Markets increased their target price on shares of Great-West Lifeco from C$60.00 to C$66.00 in a research report on Monday, November 10th. Desjardins lifted their price target on shares of Great-West Lifeco from C$55.00 to C$60.00 and gave the company a “hold” rating in a report on Wednesday, October 15th. Royal Bank Of Canada boosted their price target on shares of Great-West Lifeco from C$53.00 to C$60.00 in a research report on Monday, November 10th. Finally, National Bankshares raised their price objective on shares of Great-West Lifeco from C$58.00 to C$59.00 in a report on Thursday, November 6th.

Get Our Latest Report on GWO

Insider Transactions at Great-West Lifeco

In other Great-West Lifeco news, Director Edmund Francis Murphy sold 94,532 shares of the business’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of C$64.51, for a total value of C$6,098,259.32. Following the transaction, the director owned 4,916 shares of the company’s stock, valued at approximately C$317,131.16. The trade was a 95.06% decrease in their ownership of the stock. Insiders own 70.70% of the company’s stock.

Great-West Lifeco Stock Down 0.3%

TSE:GWO opened at C$67.69 on Thursday. The firm has a market capitalization of C$61.41 billion, a PE ratio of 15.71, a price-to-earnings-growth ratio of 2.26 and a beta of 0.69. Great-West Lifeco has a 12-month low of C$44.89 and a 12-month high of C$68.12. The firm has a 50-day moving average price of C$63.62 and a 200 day moving average price of C$57.26.

Great-West Lifeco (TSE:GWO – Get Free Report) last released its quarterly earnings data on Wednesday, November 5th. The company reported C$1.33 earnings per share for the quarter. The company had revenue of C$8.21 billion for the quarter. Great-West Lifeco had a return on equity of 14.81% and a net margin of 16.06%. On average, research analysts expect that Great-West Lifeco will post 4.4525194 EPS for the current year.

Great-West Lifeco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Wednesday, December 3rd. Great-West Lifeco’s dividend payout ratio (DPR) is currently 55.34%.

About Great-West Lifeco

(Get Free Report)

Great-West Lifeco is one of the three big Canadian life insurance firms. With just under half of the firm’s profit and revenue in Canada, Great-West also operates in the U.S. and Europe. In Canada, Great-West provides both individual and group insurance. In the United States, Great-West operates Putnam Investments and defined-contribution recordkeeping firm Empower Retirement. In 2020, Great-West announced it would acquire Personal Capital and MassMutual’s recordkeeping business. In Europe, Great-West offers life insurance, annuities, and reinsurance primarily in the U.K., Ireland, and Germany.

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