Great-West Lifeco Inc. (TSE:GWO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Great-West Lifeco Inc. (TSE:GWOGet Free Report) have earned an average rating of “Moderate Buy” from the twelve ratings firms that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$93.27.

A number of equities research analysts recently weighed in on GWO shares. Canadian Imperial Bank of Commerce boosted their price target on shares of Great-West Lifeco from C$95.00 to C$97.00 in a research note on Thursday, July 30th. Royal Bank Of Canada raised their price objective on shares of Great-West Lifeco from C$77.00 to C$91.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. Scotiabank lifted their target price on shares of Great-West Lifeco from C$95.00 to C$100.00 and gave the stock a “sector outperform” rating in a report on Thursday, July 30th. Desjardins upped their target price on shares of Great-West Lifeco from C$93.00 to C$95.00 in a research report on Thursday, July 30th. Finally, Jefferies Financial Group increased their price target on Great-West Lifeco from C$84.00 to C$107.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st.

View Our Latest Stock Report on GWO

Insider Activity

In other Great-West Lifeco news, Director Edmund Francis Murphy sold 40,000 shares of the stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of C$86.20, for a total value of C$3,448,000.00. Following the transaction, the director owned 8,784 shares of the company’s stock, valued at approximately C$757,180.80. This represents a 81.99% decrease in their ownership of the stock. Also, insider Jean-Francois Poulin sold 20,000 shares of the firm’s stock in a transaction dated Friday, June 19th. The stock was sold at an average price of C$89.55, for a total value of C$1,791,000.00. Following the transaction, the insider owned 160 shares in the company, valued at approximately C$14,328. This trade represents a 99.21% decrease in their position. Corporate insiders own 70.70% of the company’s stock.

Great-West Lifeco Stock Performance

Shares of TSE:GWO opened at C$89.11 on Tuesday. The stock has a market capitalization of C$79.77 billion, a P/E ratio of 18.41, a P/E/G ratio of 2.26 and a beta of 0.68. Great-West Lifeco has a 1-year low of C$52.51 and a 1-year high of C$94.10. The company has a current ratio of 6.07, a quick ratio of 22.18 and a debt-to-equity ratio of 28.63. The business has a 50-day moving average price of C$91.04 and a two-hundred day moving average price of C$78.24.

Great-West Lifeco (TSE:GWOGet Free Report) last issued its earnings results on Tuesday, July 28th. The company reported C$1.42 earnings per share (EPS) for the quarter. The company had revenue of C$8.35 billion for the quarter. Great-West Lifeco had a net margin of 12.49% and a return on equity of 15.48%. Equities analysts predict that Great-West Lifeco will post 4.4525194 earnings per share for the current year.

Great-West Lifeco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Tuesday, September 1st. Great-West Lifeco’s dividend payout ratio is currently 52.89%.

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.

Further Reading

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

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