Great-West Lifeco (TSE:GWO) PT Set at C$43.00 by Barclays

Barclays set a C$43.00 target price on Great-West Lifeco (TSE:GWO) in a research report sent to investors on Thursday, MarketBeat reports. The firm currently has an underweight rating on the stock.

A number of other research analysts have also recently commented on GWO. TD Securities boosted their target price on shares of Great-West Lifeco from C$43.00 to C$44.00 and gave the stock a hold rating in a research report on Wednesday, August 7th. Royal Bank of Canada boosted their price objective on shares of Great-West Lifeco from C$45.00 to C$47.00 in a report on Thursday, August 8th. Finally, Jefferies Financial Group lowered their target price on Great-West Lifeco from C$46.00 to C$42.00 in a research note on Thursday, July 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average price target of C$43.78.

Great-West Lifeco Trading Up 0.0 %

Shares of GWO opened at C$44.52 on Thursday. The company has a current ratio of 37.46, a quick ratio of 22.18 and a debt-to-equity ratio of 29.61. Great-West Lifeco has a twelve month low of C$37.06 and a twelve month high of C$45.18. The firm has a market capitalization of C$41.50 billion, a P/E ratio of 11.21, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84. The stock’s fifty day simple moving average is C$41.82 and its 200 day simple moving average is C$41.70.

Great-West Lifeco (TSE:GWO) last posted its earnings results on Tuesday, August 6th. The company reported C$1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 13.21% and a net margin of 11.32%. On average, equities research analysts forecast that Great-West Lifeco will post 4.2808552 earnings per share for the current year.

Great-West Lifeco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 27th will be paid a $0.555 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 4.99%. Great-West Lifeco’s dividend payout ratio (DPR) is presently 55.92%.

Insider Transactions at Great-West Lifeco

In other news, Director Charles Donald Harvey Henaire sold 25,400 shares of Great-West Lifeco stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of C$44.72, for a total value of C$1,135,888.00. Corporate insiders own 70.65% 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.