Great-West Lifeco (TSE:GWO) Price Target Raised to C$107.00 at Jefferies Financial Group

Great-West Lifeco (TSE:GWO) had its price target upped by Jefferies Financial Group from C$84.00 to C$107.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 16.15% from the stock’s previous close.

Other equities analysts have also issued reports about the company. National Bank Financial lifted their price objective on Great-West Lifeco from C$65.00 to C$73.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Scotia boosted their target price on shares of Great-West Lifeco from C$78.00 to C$83.00 and gave the stock a “sector outperform” rating in a research report on Friday, May 8th. Desjardins increased their price objective on shares of Great-West Lifeco from C$71.00 to C$80.00 and gave the company a “hold” rating in a research note on Friday, May 8th. BMO Capital Markets raised their target price on Great-West Lifeco from C$70.00 to C$76.00 in a research report on Friday, May 8th. Finally, Canadian Imperial Bank of Commerce upped their price objective on shares of Great-West Lifeco from C$81.00 to C$95.00 in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$84.55.

Great-West Lifeco Stock Performance

Shares of TSE GWO traded up C$0.39 during trading hours on Tuesday, hitting C$92.12. 212,353 shares of the stock were exchanged, compared to its average volume of 1,653,268. Great-West Lifeco has a one year low of C$51.60 and a one year high of C$93.69. The company’s 50 day moving average is C$85.07 and its 200 day moving average is C$72.73. The company has a debt-to-equity ratio of 29.59, a current ratio of 6.57 and a quick ratio of 22.18. The firm has a market capitalization of C$82.73 billion, a P/E ratio of 19.81, a P/E/G ratio of 2.26 and a beta of 0.67.

Great-West Lifeco (TSE:GWO) last announced its earnings results on Wednesday, May 6th. The company reported C$1.37 EPS for the quarter. The firm had revenue of C$8.37 billion for the quarter. Great-West Lifeco had a net margin of 12.86% and a return on equity of 15.17%. On average, research analysts expect that Great-West Lifeco will post 4.4525194 EPS for the current year.

Insider Buying and Selling

In other Great-West Lifeco news, Director Mei Dong sold 39,400 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of C$76.33, for a total value of C$3,007,402.00. Following the transaction, the director directly owned 2,721 shares of the company’s stock, valued at approximately C$207,693.93. This trade represents a 93.54% decrease in their ownership of the stock. Also, Director Edmund Francis Murphy sold 40,000 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of C$86.20, for a total transaction of C$3,448,000.00. Following the sale, the director owned 8,784 shares of the company’s stock, valued at C$757,180.80. The trade was a 81.99% decrease in their position. Insiders sold a total of 119,200 shares of company stock valued at $9,821,888 over the last ninety days. Insiders own 70.70% of the company’s stock.

About Great-West Lifeco

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.