Great-West Lifeco (TSE:GWO) Price Target Lowered to C$44.00 at TD Securities

Great-West Lifeco (TSE:GWO) had its price target trimmed by TD Securities from C$45.00 to C$44.00 in a research note released on Thursday, BayStreet.CA reports.

A number of other equities research analysts have also issued reports on GWO. Scotiabank boosted their price target on shares of Great-West Lifeco from C$42.00 to C$44.00 and gave the company a sector perform rating in a report on Tuesday, February 6th. BMO Capital Markets increased their target price on Great-West Lifeco from C$42.00 to C$44.00 and gave the company a market perform rating in a report on Thursday, January 25th. CIBC lifted their price target on Great-West Lifeco from C$44.00 to C$46.00 and gave the company a neutral rating in a report on Friday, February 16th. Finally, National Bankshares increased their price objective on Great-West Lifeco from C$40.00 to C$42.00 and gave the stock a sector perform rating in a research note on Tuesday, January 23rd. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of C$43.60.

Great-West Lifeco Price Performance

Shares of TSE GWO traded up C$0.51 during mid-day trading on Thursday, reaching C$42.23. The company had a trading volume of 1,202,920 shares, compared to its average volume of 2,261,810. Great-West Lifeco has a 1-year low of C$37.06 and a 1-year high of C$45.18. The stock has a market cap of C$39.38 billion, a PE ratio of 14.41, a P/E/G ratio of 2.26 and a beta of 0.86. The company has a current ratio of 12.42, a quick ratio of 22.18 and a debt-to-equity ratio of 32.33. The company has a 50-day moving average price of C$41.96 and a two-hundred day moving average price of C$42.20.

Great-West Lifeco (TSE:GWO) last issued its quarterly earnings results on Wednesday, February 14th. The company reported C$1.04 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.99 by C$0.05. The firm had revenue of C$20.21 billion for the quarter. Great-West Lifeco had a return on equity of 10.28% and a net margin of 7.95%. On average, equities analysts anticipate that Great-West Lifeco will post 4.137561 earnings per share for the current year.

Great-West Lifeco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 5.26%. The ex-dividend date is Friday, May 31st. Great-West Lifeco’s dividend payout ratio (DPR) is presently 75.77%.

Insider Activity

In related news, Senior Officer Bradley John Fedorchuk sold 2,900 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of C$42.44, for a total value of C$123,062.08. In other Great-West Lifeco news, Senior Officer Bradley John Fedorchuk sold 2,900 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of C$42.44, for a total transaction of C$123,062.08. Also, Senior Officer Dervla Mary Tomlin sold 5,400 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of C$42.33, for a total value of C$228,590.10. Insiders sold a total of 13,300 shares of company stock worth $566,402 in the last three months. 70.57% of the stock is owned by insiders.

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.