FY2024 Earnings Estimate for Great-West Lifeco Inc. (TSE:GWO) Issued By Desjardins

Great-West Lifeco Inc. (TSE:GWO - Free Report) - Equities researchers at Desjardins boosted their FY2024 EPS estimates for shares of Great-West Lifeco in a report released on Tuesday, April 9th. Desjardins analyst D. Young now forecasts that the company will post earnings per share of $4.18 for the year, up from their previous estimate of $4.14. The consensus estimate for Great-West Lifeco's current full-year earnings is $4.14 per share. Desjardins also issued estimates for Great-West Lifeco's FY2025 earnings at $4.50 EPS.

Several other research firms also recently commented on GWO. BMO Capital Markets boosted their price target on shares of Great-West Lifeco from C$42.00 to C$44.00 and gave the stock a "market perform" rating in a research note on Thursday, January 25th. TD Securities boosted their price target on shares of Great-West Lifeco from C$44.00 to C$45.00 and gave the stock a "hold" rating in a research note on Friday. National Bankshares lifted their price objective on shares of Great-West Lifeco from C$40.00 to C$42.00 and gave the stock a "sector perform" rating in a research report on Tuesday, January 23rd. Scotiabank lifted their price objective on shares of Great-West Lifeco from C$42.00 to C$44.00 and gave the stock a "sector perform" rating in a research report on Tuesday, February 6th. Finally, CIBC lifted their price objective on shares of Great-West Lifeco from C$44.00 to C$46.00 and gave the stock a "neutral" rating in a research report on Friday, February 16th. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of C$43.11.

Great-West Lifeco Stock Down 0.3 %

Shares of TSE:GWO traded down C$0.13 during trading on Friday, hitting C$40.36. The company's stock had a trading volume of 1,435,818 shares, compared to its average volume of 2,434,940. The business has a 50 day moving average price of C$42.69 and a two-hundred day moving average price of C$42.03. The company has a market capitalization of C$37.63 billion, a PE ratio of 13.67, a P/E/G ratio of 2.26 and a beta of 0.86. The company has a debt-to-equity ratio of 32.33, a quick ratio of 22.18 and a current ratio of 12.42. Great-West Lifeco has a fifty-two week low of C$37.05 and a fifty-two week high of C$45.18.

Great-West Lifeco (TSE:GWO - Get Free Report) last posted its quarterly earnings results on Wednesday, February 14th. The company reported C$1.04 EPS for the quarter, topping the consensus estimate of C$0.99 by C$0.05. The business had revenue of C$20.21 billion during the quarter. Great-West Lifeco had a net margin of 7.95% and a return on equity of 10.28%.

Insider Buying and Selling at Great-West Lifeco

In other Great-West Lifeco news, Senior Officer Linda Kerrigan sold 5,000 shares of the company's stock in a transaction on Friday, February 23rd. The shares were sold at an average price of C$42.95, for a total value of C$214,750.00. In other Great-West Lifeco news, Senior Officer Linda Kerrigan sold 5,000 shares of the company's stock in a transaction on Friday, February 23rd. The shares were sold at an average price of C$42.95, for a total value of C$214,750.00. Also, Senior Officer Dervla Mary Tomlin sold 5,400 shares of the company's stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of C$42.33, for a total transaction of C$228,590.10. Insiders sold 13,300 shares of company stock worth $566,402 over the last 90 days. Corporate insiders own 70.57% of the company's stock.

Great-West Lifeco Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were paid a $0.555 dividend. This represents a $2.22 annualized dividend and a yield of 5.50%. The ex-dividend date was Wednesday, February 28th. This is an increase from Great-West Lifeco's previous quarterly dividend of $0.52. Great-West Lifeco's dividend payout ratio is currently 75.77%.

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.