BMO Capital Markets Raises Great-West Lifeco (TSE:GWO) Price Target to C$44.00

Great-West Lifeco (TSE:GWOFree Report) had its price target increased by BMO Capital Markets from C$42.00 to C$44.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports. They currently have a market perform rating on the stock.

A number of other research analysts also recently issued reports on GWO. National Bankshares upped their target price on shares of 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. Desjardins cut their price objective on shares of Great-West Lifeco from C$41.00 to C$40.00 and set a hold rating on the stock in a report on Thursday, October 12th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Great-West Lifeco presently has a consensus rating of Hold and an average target price of C$41.78.

Read Our Latest Stock Analysis on GWO

Great-West Lifeco Stock Performance

Shares of Great-West Lifeco stock opened at C$44.39 on Thursday. The company has a debt-to-equity ratio of 31.18, a current ratio of 25.47 and a quick ratio of 22.18. The firm has a 50 day simple moving average of C$43.43 and a 200 day simple moving average of C$40.81. Great-West Lifeco has a fifty-two week low of C$34.06 and a fifty-two week high of C$44.63. The firm has a market cap of C$41.38 billion, a P/E ratio of 18.97, a P/E/G ratio of 2.26 and a beta of 0.83.

Great-West Lifeco (TSE:GWOGet Free Report) last released its earnings results on Wednesday, November 8th. The company reported C$1.00 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.96 by C$0.04. Great-West Lifeco had a return on equity of 8.16% and a net margin of 4.85%. The company had revenue of C$3.37 billion during the quarter. Sell-side analysts predict that Great-West Lifeco will post 4.1481123 earnings per share for the current fiscal year.

Great-West Lifeco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Thursday, November 30th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date was Wednesday, November 29th. Great-West Lifeco’s dividend payout ratio is currently 88.89%.

Insider Buying and Selling at Great-West Lifeco

In related news, Director Richard Henry Linton sold 37,700 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of C$41.80, for a total value of C$1,575,969.33. In other news, Director Richard Henry Linton sold 37,700 shares of Great-West Lifeco stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of C$41.80, for a total transaction of C$1,575,969.33. Also, Senior Officer Garry Macnicholas sold 65,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of C$41.99, for a total value of C$2,729,415.00. Over the last 90 days, insiders sold 278,000 shares of company stock valued at $11,928,863. Corporate insiders own 70.61% of the company’s stock.

Great-West Lifeco Company Profile

(Get Free Report)

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.

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

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