Analysts Set Expectations for TSE:GWO FY2024 Earnings

Great-West Lifeco Inc. (TSE:GWO) – Stock analysts at National Bank Financial lifted their FY2024 EPS estimates for Great-West Lifeco in a note issued to investors on Tuesday, January 14th. National Bank Financial analyst G. Dechaine now forecasts that the company will earn $4.41 per share for the year, up from their prior estimate of $4.39. The consensus estimate for Great-West Lifeco’s current full-year earnings is $4.45 per share. National Bank Financial also issued estimates for Great-West Lifeco’s Q4 2024 earnings at $1.11 EPS and FY2026 earnings at $4.97 EPS.

GWO has been the subject of several other research reports. CIBC lifted 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 target price on shares of Great-West Lifeco from C$45.00 to C$46.00 in a research note on Monday, January 6th. Scotiabank raised their price target 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 report on Wednesday, October 30th. Jefferies Financial Group boosted their price objective on shares of Great-West Lifeco from C$42.00 to C$48.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Finally, Royal Bank of Canada increased their target price on Great-West Lifeco from C$47.00 to C$51.00 in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Great-West Lifeco currently has an average rating of “Hold” and a consensus target price of C$47.75.

Great-West Lifeco Stock Up 1.2 %

Shares of TSE:GWO opened at C$46.54 on Thursday. Great-West Lifeco has a 12-month low of C$38.44 and a 12-month high of C$50.99. The stock has a market capitalization of C$43.38 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 2.26 and a beta of 0.84. The stock has a fifty day simple moving average of C$48.05 and a two-hundred day simple moving average of C$45.22. The company has a current ratio of 37.46, a quick ratio of 22.18 and a debt-to-equity ratio of 29.61.

Great-West Lifeco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a $0.555 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $2.22 dividend on an annualized basis and a dividend yield of 4.77%. Great-West Lifeco’s dividend payout ratio (DPR) is currently 55.78%.

Insider Buying and Selling

In other Great-West Lifeco news, Senior Officer David Martin Harney sold 562 shares of the company’s stock in a transaction that occurred 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. Also, Senior Officer Colleen Nancy Bailey Moffitt sold 825 shares of Great-West Lifeco stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of C$49.11, for a total transaction of C$40,515.75. Following the transaction, the insider now owns 66 shares in the company, valued at C$3,241.26. This represents a 92.59 % decrease in their position. Insiders sold 174,613 shares of company stock valued at $8,697,880 over the last 90 days. Company 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.