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Great-West Lifeco Inc. (TSE:GWO) Receives Average Rating of "Hold" from Analysts

Great-West Lifeco logo with Financial Services background

Shares of Great-West Lifeco Inc. (TSE:GWO - Get Free Report) have earned an average rating of "Hold" from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$44.00.

GWO has been the topic of a number of recent analyst reports. Jefferies Financial Group raised their target price on shares of Great-West Lifeco from C$44.00 to C$46.00 in a research note on Friday, May 3rd. BMO Capital Markets raised their target price on shares of Great-West Lifeco from C$44.00 to C$45.00 and gave the stock an "outperform" rating in a research note on Friday, May 3rd. National Bankshares raised their target price on shares of Great-West Lifeco from C$42.00 to C$43.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 2nd. Royal Bank of Canada raised their target price on shares of Great-West Lifeco from C$44.00 to C$45.00 and gave the stock a "sector perform" rating in a research note on Friday, May 3rd. Finally, TD Securities decreased their target price on shares of Great-West Lifeco from C$45.00 to C$44.00 in a research note on Thursday, May 2nd.

Get Our Latest Report on GWO

Insider Activity at Great-West Lifeco

In other Great-West Lifeco news, Director Olivier Desmarais sold 1,029 shares of Great-West Lifeco stock in a transaction on Monday, June 3rd. The shares were sold at an average price of C$40.88, for a total transaction of C$42,065.52. 70.58% of the stock is currently owned by insiders.


Great-West Lifeco Stock Performance

Shares of TSE GWO traded up C$0.51 during trading on Friday, reaching C$39.35. 2,619,385 shares of the company traded hands, compared to its average volume of 2,716,090. The firm has a 50 day simple moving average of C$41.17 and a 200-day simple moving average of C$42.38. Great-West Lifeco has a 52-week low of C$37.06 and a 52-week high of C$45.18. The company has a quick ratio of 22.18, a current ratio of 37.37 and a debt-to-equity ratio of 29.96. The stock has a market capitalization of C$36.71 billion, a PE ratio of 11.21, a P/E/G ratio of 2.26 and a beta of 0.87.

Great-West Lifeco (TSE:GWO - Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The company reported C$1.09 earnings per share for the quarter, topping the consensus estimate of C$1.02 by C$0.07. Great-West Lifeco had a net margin of 10.05% and a return on equity of 11.74%. The firm had revenue of C$7.88 billion for the quarter, compared to analysts' expectations of C$10.58 billion. Equities research analysts anticipate that Great-West Lifeco will post 4.2812813 earnings per share for the current year.

Great-West Lifeco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be issued a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 5.64%. The ex-dividend date is Friday, May 31st. Great-West Lifeco's dividend payout ratio (DPR) is presently 63.25%.

About Great-West Lifeco

(Get Free Report

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.

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

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