Great-West Lifeco Inc. (TSE:GWO) Given Consensus Rating of “Hold” by Analysts

Great-West Lifeco Inc. (TSE:GWO) has been given an average rating of “Hold” by the eight research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$47.75.

Several research firms have issued reports on GWO. CIBC lifted their price target on Great-West Lifeco from C$51.00 to C$55.00 in a research note on Friday, November 8th. Scotiabank increased their price target on Great-West Lifeco from C$44.00 to C$50.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Jefferies Financial Group lifted their price target 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. Royal Bank of Canada increased their price objective on Great-West Lifeco from C$47.00 to C$51.00 in a report on Friday, November 8th. Finally, Barclays lifted their target price on shares of Great-West Lifeco from C$45.00 to C$46.00 in a research note on Monday.

Insider Buying and Selling at Great-West Lifeco

In other news, Director Charles Donald Harvey Henaire sold 26,400 shares of the company’s stock in a transaction that occurred on 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 business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of C$49.88, for a total value of C$7,323,842.39. Insiders sold 174,613 shares of company stock valued at $8,697,880 in the last quarter. Company insiders own 70.70% of the company’s stock.

Great-West Lifeco Stock Down 0.2 %

TSE:GWO opened at C$46.90 on Thursday. The stock’s fifty day moving average price is C$48.14 and its two-hundred day moving average price is C$44.97. The company has a debt-to-equity ratio of 29.61, a quick ratio of 22.18 and a current ratio of 37.46. Great-West Lifeco has a 52-week low of C$38.44 and a 52-week high of C$50.99. The company has a market cap of C$43.72 billion, a price-to-earnings ratio of 11.78, a P/E/G ratio of 2.26 and a beta of 0.84.

Great-West Lifeco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date of this dividend was Tuesday, December 3rd. Great-West Lifeco’s dividend payout ratio (DPR) is presently 55.78%.

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.