Great-West Lifeco (TSE:GWO) PT Lowered to C$44.00 at TD Securities

Great-West Lifeco (TSE:GWO) had its target price cut by TD Securities from C$45.00 to C$44.00 in a report issued on Thursday morning, BayStreet.CA reports.

Several other analysts have also issued reports on GWO. Scotiabank upped their price target 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. BMO Capital Markets raised their target price on shares of Great-West Lifeco from C$42.00 to C$44.00 and gave the company a market perform rating in a research note on Thursday, January 25th. National Bankshares boosted their price target on 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. Finally, CIBC upped their price objective on Great-West Lifeco from C$44.00 to C$46.00 and gave the company a neutral rating in a research note on Friday, February 16th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Hold and an average price target of C$44.00.

Great-West Lifeco Price Performance

Shares of TSE GWO opened at C$42.23 on Thursday. Great-West Lifeco has a fifty-two week low of C$37.06 and a fifty-two week high of C$45.18. The stock has a market capitalization of C$39.38 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 2.26 and a beta of 0.86. The company has a debt-to-equity ratio of 32.33, a current ratio of 12.42 and a quick ratio of 22.18. The business has a 50-day moving average of C$41.95 and a 200-day moving average of C$42.27.

Great-West Lifeco (TSE:GWO) last posted its quarterly earnings results on Wednesday, February 14th. The company reported C$1.04 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.99 by C$0.05. The firm had revenue of C$20.21 billion during the quarter. Great-West Lifeco had a return on equity of 10.28% and a net margin of 7.95%. As a group, sell-side analysts predict that Great-West Lifeco will post 4.137561 earnings per share for the current fiscal year.

Great-West Lifeco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be given a $0.555 dividend. This represents a $2.22 annualized dividend and a dividend yield of 5.26%. The ex-dividend date of this dividend is Friday, May 31st. Great-West Lifeco’s payout ratio is 75.77%.

Insider Transactions at Great-West Lifeco

In related news, Senior Officer Dervla Mary Tomlin sold 5,400 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of C$42.33, for a total value of C$228,590.10. In related news, Senior Officer Dervla Mary Tomlin sold 5,400 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were 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 stock was sold at an average price of C$42.95, for a total transaction of C$214,750.00. Over the last quarter, insiders have sold 13,300 shares of company stock worth $566,402. Company insiders own 70.57% of the company’s stock.

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.