Great-West Lifeco - GWO Stock Forecast, Price & News

Great-West Lifeco Inc., a financial services holding company, 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 a portfolio of financial and benefit plan solutions for individuals, families, businesses, and organizations; life, disability, critical illness, accidental death, dismemberment, health and dental protection, and creditor insurance products; and retirement savings and income, annuity, and other specialty products. It also provides employer-sponsored retirement savings plans, individual retirement and taxable brokerage accounts, enrollment services, communication materials, investment options, and education services; and fund management, investment, and advisory services. In addition, the company offers private-label recordkeeping and administrative services; and investment products, including equity, fixed income, absolute return, and alternative strategies. Further, it provides protection and wealth management products, including payout annuity products; pension products; and life, annuity/longevity, mortgage surety, and property catastrophe reinsurance products. The company offers its products under the Canada Life, Irish Life, Empower, Putnam Investments, and PanAgora brand names. It distributes its products through a network of advisors, dealers, brokers, managing general agencies, financial institutions, consultants, third-party administrators, sales force, financial planners, employee benefit consultants, banks, and multi-tied agents. The company was founded in 1891 and is based in Winnipeg, Canada. Great-West Lifeco Inc. operates as a subsidiary of Power Financial Corporation.

Great-West Lifeco Trading Up 1.5 %

Shares of GWO Stock opened at C$31.77 on Thursday. The firm has a market cap of C$29.60 billion and a P/E ratio of 9.29. Great-West Lifeco has a 1-year low of C$29.93 and a 1-year high of C$41.50. The company has a debt-to-equity ratio of 31.97, a current ratio of 5.55 and a quick ratio of 2.45. The firm's 50-day simple moving average is C$31.46 and its 200-day simple moving average is C$34.84.

Great-West Lifeco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Thursday, June 30th were issued a dividend of $0.49 per share. The ex-dividend date of this dividend was Wednesday, June 1st. This represents a $1.96 annualized dividend and a dividend yield of 6.17%. Great-West Lifeco's payout ratio is currently 55.79%.

Analyst Ratings Changes

A number of research analysts have issued reports on GWO shares. BMO Capital Markets reduced their target price on shares of Great-West Lifeco from C$35.00 to C$34.00 in a report on Friday, August 5th. National Bankshares reduced their target price on shares of Great-West Lifeco from C$37.00 to C$36.00 and set a "sector perform" rating on the stock in a report on Thursday, August 4th. Veritas Investment Research restated a "sell" rating on shares of Great-West Lifeco in a report on Friday, May 6th. Barclays reduced their target price on shares of Great-West Lifeco from C$41.00 to C$37.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 13th. Finally, Scotiabank reduced their target price on shares of Great-West Lifeco from C$38.00 to C$37.00 in a report on Wednesday, July 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, Great-West Lifeco currently has an average rating of "Hold" and a consensus price target of C$38.22.

Insider Transactions at Great-West Lifeco

In other Great-West Lifeco news, Director Claude Généreux bought 6,000 shares of the company's stock in a transaction that occurred on Friday, May 13th. The stock was purchased at an average price of C$32.55 per share, with a total value of C$195,300.00. Following the transaction, the director now owns 6,000 shares in the company, valued at C$195,300.