Equities Analysts Issue Forecasts for Great-West Lifeco Inc.'s FY2024 Earnings (TSE:GWO)

Great-West Lifeco Inc. (TSE:GWO - Free Report) - Stock analysts at Desjardins raised their FY2024 EPS estimates for Great-West Lifeco in a research report issued to clients and investors on Thursday, May 2nd. Desjardins analyst D. Young now expects that the company will post earnings of $4.28 per share for the year, up from their prior forecast of $4.18. The consensus estimate for Great-West Lifeco's current full-year earnings is $4.20 per share.

GWO has been the subject of several other research reports. Royal Bank of Canada increased their price objective on Great-West Lifeco from C$44.00 to C$45.00 and gave the company a "sector perform" rating in a report on Friday. National Bankshares raised their price target on Great-West Lifeco from C$42.00 to C$43.00 and gave the stock a "sector perform" rating in a report on Thursday. CIBC upped their price objective on shares of 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. TD Securities dropped their target price on shares of Great-West Lifeco from C$45.00 to C$44.00 in a research report on Thursday. Finally, Jefferies Financial Group boosted their price objective on shares of Great-West Lifeco from C$44.00 to C$46.00 in a report on Friday. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of C$44.00.

Great-West Lifeco Stock Up 2.6 %

TSE:GWO traded up C$1.10 during midday trading on Monday, reaching C$43.33. 2,524,035 shares of the stock traded hands, compared to its average volume of 2,264,807. The business has a 50-day moving average of C$41.97 and a two-hundred day moving average of C$42.30. The company has a debt-to-equity ratio of 29.96, a quick ratio of 22.18 and a current ratio of 37.37. Great-West Lifeco has a 12-month low of C$37.06 and a 12-month high of C$45.18. The stock has a market capitalization of C$40.42 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 2.26 and a beta of 0.86.

Great-West Lifeco (TSE:GWO - Get Free Report) last released 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. Great-West Lifeco had a return on equity of 11.74% and a net margin of 10.05%. The firm had revenue of C$20.21 billion during the quarter.

Great-West Lifeco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be given a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a yield of 5.12%. The ex-dividend date is Friday, May 31st. Great-West Lifeco's dividend payout ratio is currently 63.25%.

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 that occurred on Friday, February 23rd. The stock was sold at an average price of C$42.95, for a total value of C$214,750.00. In other news, Senior Officer Dervla Mary Tomlin sold 5,400 shares of the firm's stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of C$42.33, for a total transaction of C$228,590.10. Also, Senior Officer Linda Kerrigan sold 5,000 shares of Great-West Lifeco stock in a transaction dated 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 the last quarter, insiders sold 13,300 shares of company stock worth $566,402. Insiders own 70.58% of the company's stock.

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.