TD Securities upgraded shares of Great-West Lifeco (TSE:GWO) from a hold rating to a buy rating in a report released on Monday, BayStreet.CA reports. They currently have C$29.00 price target on the stock, down from their prior price target of C$35.00.
GWO has been the topic of several other reports. CSFB set a C$37.00 price objective on shares of Great-West Lifeco and gave the company a neutral rating in a research note on Friday, February 7th. National Bank Financial dropped their price objective on shares of Great-West Lifeco from C$33.00 to C$31.00 in a research note on Monday, March 9th. CIBC boosted their price objective on shares of Great-West Lifeco from C$34.00 to C$36.00 in a research note on Friday, February 14th. Credit Suisse Group reissued a neutral rating and issued a C$37.00 price objective on shares of Great-West Lifeco in a research note on Friday, February 7th. Finally, BMO Capital Markets boosted their price objective on shares of Great-West Lifeco from C$34.00 to C$35.00 in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. Great-West Lifeco currently has a consensus rating of Hold and an average price target of C$33.60.
Shares of GWO opened at C$24.12 on Monday. The company has a debt-to-equity ratio of 27.24, a quick ratio of 10.90 and a current ratio of 13.24. The stock has a market capitalization of $20.44 billion and a P/E ratio of 9.68. The company’s fifty day moving average is C$30.01 and its two-hundred day moving average is C$31.88. Great-West Lifeco has a 1 year low of C$18.88 and a 1 year high of C$35.60.
Great-West Lifeco (TSE:GWO) last announced its quarterly earnings data on Wednesday, February 12th. The company reported C$0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.79 by C$0.01. The firm had revenue of C$10.69 billion during the quarter. Sell-side analysts predict that Great-West Lifeco will post 3.3900001 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.438 per share. The ex-dividend date is Monday, March 2nd. This is a boost from Great-West Lifeco’s previous quarterly dividend of $0.41. This represents a $1.75 dividend on an annualized basis and a dividend yield of 7.26%. Great-West Lifeco’s dividend payout ratio is 66.27%.
In related news, Director Michel Plessis-Bélair purchased 5,000 shares of the stock in a transaction dated Tuesday, March 24th. The shares were acquired at an average cost of C$21.72 per share, with a total value of C$108,576.00. Following the purchase, the director now directly owns 55,000 shares in the company, valued at approximately C$1,194,336. Also, Senior Officer Garry Macnicholas sold 17,563 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of C$34.48, for a total transaction of C$605,551.16. Following the transaction, the insider now directly owns 5,137 shares in the company, valued at C$177,117.60.
About Great-West Lifeco
Great-West Lifeco Inc, a financial services holding company, engages in life and health insurance, asset management, investment and retirement savings, and reinsurance businesses in Canada, the United States, and Europe. The company offers a portfolio of financial and benefit plan solutions for individuals, families, businesses, and organizations; life, disability, critical illness, accidental death, dismemberment, dental protection, direct marketing, health, and creditor insurance products; and wealth savings and income, accumulation, and annuity products.
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