Brokerages Set Great-West Lifeco Inc. (TSE:GWO) Target Price at C$47.63

Great-West Lifeco Inc. (TSE:GWO) has received a consensus rating of “Hold” from the eight ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$47.63.

A number of analysts have commented on the company. TD Securities upped their price target on Great-West Lifeco from C$43.00 to C$44.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Royal Bank of Canada upped their price target on Great-West Lifeco from C$47.00 to C$51.00 in a research report on Friday, November 8th. CIBC upped their price target on Great-West Lifeco from C$51.00 to C$55.00 in a research report on Friday, November 8th. Barclays upped their price target on Great-West Lifeco from C$43.00 to C$45.00 in a research report on Friday, November 8th. Finally, Scotiabank upped their price target on Great-West Lifeco from C$44.00 to C$50.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th.

Great-West Lifeco Stock Down 0.0 %

GWO stock opened at C$49.79 on Wednesday. Great-West Lifeco has a fifty-two week low of C$38.44 and a fifty-two week high of C$50.25. The business’s 50-day moving average is C$47.12 and its two-hundred day moving average is C$43.55. The company has a debt-to-equity ratio of 29.61, a quick ratio of 22.18 and a current ratio of 37.46. The company has a market cap of C$46.41 billion, a price-to-earnings ratio of 12.51, a P/E/G ratio of 2.26 and a beta of 0.84.

Great-West Lifeco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 3rd will be paid a $0.555 dividend. This represents a $2.22 annualized dividend and a dividend yield of 4.46%. The ex-dividend date of this dividend is Tuesday, December 3rd. Great-West Lifeco’s payout ratio is 55.78%.

Insider Activity

In related news, Director Charles Donald Harvey Henaire sold 25,400 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of C$44.72, for a total transaction of C$1,135,888.00. Also, Director Paul Mahon sold 146,826 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of C$49.88, for a total value of C$7,323,842.39. Insiders sold 235,251 shares of company stock valued at $11,463,390 in the last ninety days. Insiders own 70.70% 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.