Great-West Lifeco (TSE:GWO) Price Target Raised to C$46.00 at Barclays

Great-West Lifeco (TSE:GWO) had its price target increased by Barclays from C$45.00 to C$46.00 in a research report report published on Monday,BayStreet.CA reports.

Several other analysts have also commented on GWO. CIBC raised their target price on Great-West Lifeco from C$51.00 to C$55.00 in a report on Friday, November 8th. Royal Bank of Canada raised their price objective on shares of Great-West Lifeco from C$47.00 to C$51.00 in a research note on Friday, November 8th. Scotiabank boosted their target price on shares of Great-West Lifeco from C$44.00 to C$50.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group raised their price target on shares of Great-West Lifeco from C$42.00 to C$48.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$47.75.

Great-West Lifeco Stock Up 0.2 %

Shares of GWO stock opened at C$47.15 on Monday. Great-West Lifeco has a fifty-two week low of C$38.44 and a fifty-two week high of C$50.99. The firm has a market capitalization of C$43.95 billion, a PE ratio of 11.85, a P/E/G ratio of 2.26 and a beta of 0.84. 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 stock’s 50-day simple moving average is C$48.16 and its 200-day simple moving average is C$44.86.

Great-West Lifeco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were given a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date was Tuesday, December 3rd. Great-West Lifeco’s dividend payout ratio is presently 55.78%.

Insider Buying and Selling

In other news, Director Paul Mahon sold 146,826 shares of the 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. Also, Senior Officer David Martin Harney sold 562 shares of Great-West Lifeco stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of C$47.55, for a total transaction of C$26,721.58. Over the last quarter, insiders sold 174,613 shares of company stock worth $8,697,880. Corporate insiders own 70.70% 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.