Great-West Lifeco Inc. (TSE:GWO – Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$80.63 and traded as high as C$93.60. Great-West Lifeco shares last traded at C$92.94, with a volume of 777,120 shares.
Analyst Ratings Changes
Several equities research analysts recently commented on the company. Jefferies Financial Group increased their price objective on Great-West Lifeco from C$84.00 to C$107.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Desjardins lifted their price objective on shares of Great-West Lifeco from C$93.00 to C$95.00 in a research report on Thursday, July 30th. Royal Bank Of Canada increased their target price on Great-West Lifeco from C$77.00 to C$91.00 and gave the company a “sector perform” rating in a research report on Thursday, July 30th. TD raised their price objective on shares of Great-West Lifeco from C$98.00 to C$106.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Finally, Scotiabank lifted their target price on Great-West Lifeco from C$95.00 to C$100.00 and gave the stock a “sector outperform” rating in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$93.27.
View Our Latest Research Report on Great-West Lifeco
Great-West Lifeco Price Performance
Great-West Lifeco (TSE:GWO – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported C$1.42 earnings per share for the quarter. The firm had revenue of C$8.35 billion during the quarter. Great-West Lifeco had a return on equity of 15.48% and a net margin of 12.49%. On average, equities analysts anticipate that Great-West Lifeco Inc. will post 4.4525194 earnings per share for the current fiscal year.
Great-West Lifeco Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.9%. Great-West Lifeco’s dividend payout ratio is currently 52.89%.
Great-West Lifeco Company Profile
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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