Great-West Lifeco (TSE:GWO) Price Target Raised to C$53.00

Great-West Lifeco (TSE:GWO) had its price target lifted by Desjardins from C$49.00 to C$53.00 in a research note released on Friday,BayStreet.CA reports. They currently have a hold rating on the stock. Desjardins also issued estimates for Great-West Lifeco’s FY2026 earnings at $5.25 EPS.

Several other research firms have also commented on GWO. Royal Bank of Canada lifted their price target on Great-West Lifeco from C$51.00 to C$53.00 and gave the stock a “sector perform” rating in a research report on Friday. Scotiabank lifted their target price on Great-West Lifeco from C$59.00 to C$60.00 and gave the stock an “outperform” rating in a report on Friday. CIBC upgraded Great-West Lifeco from a “neutral” rating to an “outperform” rating and increased their price target for the company from C$56.00 to C$60.00 in a report on Friday. Barclays lifted their price objective on shares of Great-West Lifeco from C$45.00 to C$46.00 in a research note on Monday, January 6th. Finally, Jefferies Financial Group increased their target price on shares of Great-West Lifeco from C$42.00 to C$48.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of C$52.22.

Great-West Lifeco Price Performance

GWO stock opened at C$51.71 on Friday. Great-West Lifeco has a 52 week low of C$38.44 and a 52 week high of C$52.47. The firm has a market capitalization of C$48.20 billion, a P/E ratio of 12.99, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84. The company has a fifty day simple moving average of C$47.35 and a two-hundred day simple moving average of C$46.13. The company has a quick ratio of 22.18, a current ratio of 37.46 and a debt-to-equity ratio of 29.61.

Great-West Lifeco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date of this dividend was Tuesday, December 3rd. Great-West Lifeco’s dividend payout ratio is currently 55.78%.

Insider Buying and Selling

In other Great-West Lifeco news, Senior Officer David Martin Harney sold 562 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of C$47.55, for a total value of C$26,721.58. Also, Senior Officer Colleen Nancy Bailey Moffitt sold 825 shares of the firm’s stock in a transaction that occurred 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 directly owns 66 shares in the company, valued at approximately C$3,241.26. This trade represents a 92.59 % decrease in their ownership of the stock. Insiders have sold 174,613 shares of company stock valued at $8,697,880 in 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.