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

Great-West Lifeco Inc. (TSE:GWO) has been assigned an average recommendation of “Hold” from the eight analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$47.63.

A number of research analysts have recently issued reports on GWO shares. Royal Bank of Canada lifted their price target on Great-West Lifeco from C$47.00 to C$51.00 in a report on Friday, November 8th. Jefferies Financial Group lifted their price target on Great-West Lifeco from C$42.00 to C$48.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. CIBC boosted their target price on Great-West Lifeco from C$51.00 to C$55.00 in a research note on Friday, November 8th. TD Securities boosted their target price on Great-West Lifeco from C$43.00 to C$44.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Finally, Scotiabank boosted their target price on Great-West Lifeco from C$44.00 to C$50.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th.

Great-West Lifeco Trading Down 0.0 %

Shares of TSE:GWO opened at C$49.79 on Wednesday. Great-West Lifeco has a 12-month low of C$38.44 and a 12-month high of C$50.25. The business’s fifty day simple moving average is C$47.12 and its 200-day simple moving average is C$43.55. The company has a market capitalization of C$46.41 billion, a PE ratio of 12.51, a P/E/G ratio of 2.26 and a beta of 0.84. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 3rd will be given a dividend of $0.555 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $2.22 dividend on an annualized basis and a yield of 4.46%. Great-West Lifeco’s dividend payout ratio is currently 55.78%.

Insiders Place Their Bets

In related news, Director Paul Mahon sold 146,826 shares of the company’s stock in a transaction dated 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, Director Charles Donald Harvey Henaire sold 25,400 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of C$44.72, for a total value of C$1,135,888.00. In the last 90 days, insiders sold 235,251 shares of company stock valued at $11,463,390. 70.70% of the stock is owned by company insiders.

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.