Barclays Increases Great-West Lifeco (TSE:GWO) Price Target to C$45.00

Great-West Lifeco (TSE:GWO) had its price objective lifted by Barclays from C$43.00 to C$45.00 in a report issued on Friday,BayStreet.CA reports.

Several other analysts have also commented on GWO. Royal Bank of Canada raised their price objective on shares of Great-West Lifeco from C$45.00 to C$47.00 in a report on Thursday, August 8th. TD Securities lifted their price target on Great-West Lifeco from C$43.00 to C$44.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. CIBC increased their price objective on Great-West Lifeco from C$46.00 to C$51.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Jefferies Financial Group boosted their target price on shares of Great-West Lifeco from C$42.00 to C$48.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Finally, Scotiabank increased their price target on shares of Great-West Lifeco from C$44.00 to C$50.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$47.63.

Great-West Lifeco Trading Up 0.2 %

Shares of GWO stock traded up C$0.12 during trading hours on Friday, reaching C$49.09. The company’s stock had a trading volume of 843,100 shares, compared to its average volume of 2,622,517. The company has a current ratio of 37.46, a quick ratio of 22.18 and a debt-to-equity ratio of 29.61. The stock has a market capitalization of C$45.76 billion, a P/E ratio of 12.33, a P/E/G ratio of 2.26 and a beta of 0.84. The firm’s fifty day simple moving average is C$46.20 and its 200 day simple moving average is C$42.95. Great-West Lifeco has a one year low of C$38.44 and a one year high of C$49.54.

Great-West Lifeco (TSE:GWO) last issued its quarterly earnings data on Tuesday, August 6th. The company reported C$1.11 EPS for the quarter, topping the consensus estimate of C$1.05 by C$0.06. The business had revenue of C$8.61 billion during the quarter, compared to analyst estimates of C$9.83 billion. Great-West Lifeco had a net margin of 11.32% and a return on equity of 13.21%. Equities research analysts expect that Great-West Lifeco will post 4.4525194 EPS for the current year.

Great-West Lifeco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $0.555 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $2.22 annualized dividend and a yield of 4.52%. Great-West Lifeco’s dividend payout ratio is 55.78%.

Insiders Place Their Bets

In related news, Director Richard Henry Linton sold 35,800 shares of the stock in a transaction on Friday, October 4th. The stock was sold at an average price of C$46.27, for a total transaction of C$1,656,344.28. In related news, Director Richard Henry Linton sold 35,800 shares of the company’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of C$46.27, for a total transaction of C$1,656,344.28. Also, Director Charles Donald Harvey Henaire sold 25,400 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of C$44.72, for a total value of C$1,135,888.00. Corporate insiders own 70.70% of the company’s stock.

Great-West Lifeco Company Profile

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.