Great-West Lifeco Inc. (TSE:GWO) Receives C$47.63 Consensus PT from Analysts

Shares of Great-West Lifeco Inc. (TSE:GWO) have received a consensus recommendation of “Hold” from the eight research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$47.63.

A number of research analysts have weighed in on the stock. Royal Bank of Canada lifted their price target on shares of Great-West Lifeco from C$47.00 to C$51.00 in a research note on Friday, November 8th. Jefferies Financial Group increased their price objective on Great-West Lifeco from C$42.00 to C$48.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Barclays upped their price target on Great-West Lifeco from C$43.00 to C$45.00 in a research report on Friday, November 8th. TD Securities boosted their price objective 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. Finally, CIBC raised their target price on shares of Great-West Lifeco from C$51.00 to C$55.00 in a research report on Friday, November 8th.

Great-West Lifeco Trading Down 0.4 %

TSE:GWO opened at C$50.04 on Wednesday. The company has a debt-to-equity ratio of 29.61, a current ratio of 37.46 and a quick ratio of 22.18. The business’s 50-day simple moving average is C$47.31 and its 200-day simple moving average is C$43.64. Great-West Lifeco has a fifty-two week low of C$38.44 and a fifty-two week high of C$50.99. The stock has a market capitalization of C$46.64 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84.

Great-West Lifeco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 3rd will be issued a $0.555 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $2.22 dividend on an annualized basis and a dividend yield of 4.44%. Great-West Lifeco’s payout ratio is 55.78%.

Insider Buying and Selling

In other Great-West Lifeco news, Director Charles Donald Harvey Henaire sold 26,400 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of C$49.50, for a total value of C$1,306,800.00. Also, Director Paul Mahon sold 146,826 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of C$49.88, for a total transaction of C$7,323,842.39. Over the last 90 days, insiders sold 235,251 shares of company stock worth $11,463,390. Company insiders own 70.70% of the company’s stock.

About Great-West Lifeco

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.