Free Trial

Great-West Lifeco Inc. (TSE:GWO) Receives Average Recommendation of "Moderate Buy" from Analysts

Great-West Lifeco logo with Financial Services background

Key Points

  • Great-West Lifeco Inc. (TSE:GWO) has received an average rating of "Moderate Buy" from ten brokerages, with a consensus target price of C$55.56.
  • The company recently announced a quarterly dividend of $0.61 per share, reflecting an annualized dividend of $2.44 and a yield of 4.65%.
  • Insider selling activity was noted, with significant stock transactions by two senior officers, including a sale of 20,700 shares valued at over C$1 million.
  • MarketBeat previews the top five stocks to own by September 1st.

Great-West Lifeco Inc. (TSE:GWO - Get Free Report) has been given an average rating of "Moderate Buy" by the ten brokerages that are presently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$55.56.

A number of equities research analysts have recently commented on GWO shares. Barclays raised Great-West Lifeco from a "strong sell" rating to a "hold" rating in a research report on Monday, July 7th. Jefferies Financial Group reduced their price objective on Great-West Lifeco from C$58.00 to C$57.00 in a research note on Monday, April 21st. Royal Bank Of Canada set a C$53.00 price objective on Great-West Lifeco and gave the stock a "sector perform" rating in a research note on Tuesday, April 15th. National Bankshares cut their price target on Great-West Lifeco from C$53.00 to C$52.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 8th. Finally, BMO Capital Markets boosted their price target on Great-West Lifeco from C$54.00 to C$59.00 and gave the stock a "market perform" rating in a research note on Thursday, April 3rd.

Read Our Latest Analysis on Great-West Lifeco

Insider Buying and Selling at Great-West Lifeco

In related news, Senior Officer Dervla Mary Tomlin sold 36,700 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of C$51.05, for a total value of C$1,873,520.32. Also, Senior Officer David Martin Harney sold 20,700 shares of the stock in a transaction dated Monday, May 26th. The shares were sold at an average price of C$51.85, for a total transaction of C$1,073,263.95. Corporate insiders own 70.70% of the company's stock.

Great-West Lifeco Price Performance

Great-West Lifeco stock traded down C$0.02 during mid-day trading on Monday, hitting C$52.00. 104,356 shares of the company were exchanged, compared to its average volume of 2,944,179. The business's 50 day simple moving average is C$51.50 and its two-hundred day simple moving average is C$51.50. The company has a market capitalization of C$48.41 billion, a P/E ratio of 11.90, a PEG ratio of 2.26 and a beta of 0.84. Great-West Lifeco has a 12-month low of C$39.45 and a 12-month high of C$57.61.

Great-West Lifeco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 30th were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date was Monday, June 2nd. Great-West Lifeco's dividend payout ratio (DPR) is presently 50.79%.

Great-West Lifeco Company Profile

(Get Free Report

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.

See Also

Analyst Recommendations for Great-West Lifeco (TSE:GWO)

Should You Invest $1,000 in Great-West Lifeco Right Now?

Before you consider Great-West Lifeco, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Great-West Lifeco wasn't on the list.

While Great-West Lifeco currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

5G Stocks: The Path Forward is Profitable Cover

Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

5 Stocks to BUY NOW in August 2025
The $2.5B Merger No One Is Talking About
ALERT: Big Tech Earnings – Watch Before Wednesday

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines