TD Securities upgraded shares of Great-West Lifeco (TSE:GWO) from a hold rating to a buy rating in a research report released on Monday, BayStreet.CA reports. TD Securities currently has C$29.00 target price on the stock, down from their prior target price of C$35.00.
GWO has been the subject of a number of other reports. CIBC lifted their price target on shares of Great-West Lifeco from C$34.00 to C$36.00 in a research report on Friday, February 14th. National Bank Financial dropped their price target on shares of Great-West Lifeco from C$33.00 to C$31.00 in a research report on Monday, March 9th. BMO Capital Markets lifted their price target on shares of Great-West Lifeco from C$34.00 to C$35.00 in a research report on Friday, February 14th. CSFB set a C$37.00 price target on shares of Great-West Lifeco and gave the company a neutral rating in a research report on Friday, February 7th. Finally, Credit Suisse Group reiterated a neutral rating and set a C$37.00 price target on shares of Great-West Lifeco in a research report on Friday, February 7th. One investment 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. The company has a consensus rating of Hold and a consensus price target of C$33.60.
Shares of GWO opened at C$24.12 on Monday. Great-West Lifeco has a 1-year low of C$18.88 and a 1-year high of C$35.60. The stock has a market cap of $20.44 billion and a PE ratio of 9.68. The firm has a 50-day simple moving average of C$30.01 and a two-hundred day simple moving average of C$31.88. The company has a debt-to-equity ratio of 27.24, a current ratio of 13.24 and a quick ratio of 10.90.
Great-West Lifeco (TSE:GWO) last announced its quarterly earnings results on Wednesday, February 12th. The company reported C$0.80 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.79 by C$0.01. The company had revenue of C$10.69 billion for the quarter. As a group, sell-side analysts expect that Great-West Lifeco will post 3.3900001 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st will be paid a $0.438 dividend. This is a positive change from Great-West Lifeco’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $1.75 annualized dividend and a dividend yield of 7.26%. Great-West Lifeco’s dividend payout ratio (DPR) is presently 66.27%.
In other news, Senior Officer Garry Macnicholas sold 17,563 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of C$34.48, for a total value of C$605,551.16. Following the completion of the transaction, the insider now owns 5,137 shares of the company’s stock, valued at C$177,117.60. Also, Senior Officer Bradley John Fedorchuk sold 2,900 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of C$34.22, for a total transaction of C$99,238.00. Following the completion of the transaction, the insider now directly owns 779 shares of the company’s stock, valued at approximately C$26,657.38.
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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