Key Points
- L.P. Great-West Lifeco U.S. Holdings sold 46,413 shares on March 31 at an average price of C$63.46, for a total of about C$2.95 million.
- Great-West Lifeco raised its quarterly dividend to $0.67 (annualized $2.68), implying a 4.1% yield and a payout ratio of about 57%.
- Analysts are broadly positive, with an average MarketBeat rating of "Moderate Buy" and an average target of C$67.22 after several recent upgrades and target increases.
Great-West Lifeco Inc. (TSE:GWO - Get Free Report) insider L.P. Great-West Lifeco U.S. Holdings sold 46,413 shares of the firm's stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of C$63.46, for a total value of C$2,945,368.98.
Great-West Lifeco Stock Performance
Shares of GWO opened at C$65.15 on Wednesday. The firm has a fifty day moving average of C$63.37 and a 200-day moving average of C$62.43. The company has a market cap of C$59.10 billion, a price-to-earnings ratio of 15.29, a price-to-earnings-growth ratio of 2.26 and a beta of 0.63. The company has a debt-to-equity ratio of 44.93, a quick ratio of 22.18 and a current ratio of 5.80. Great-West Lifeco Inc. has a 1 year low of C$49.54 and a 1 year high of C$68.56.
Great-West Lifeco (TSE:GWO - Get Free Report) last released its quarterly earnings data on Wednesday, February 11th. The company reported C$1.36 earnings per share for the quarter. The business had revenue of C$8.34 billion for the quarter. Great-West Lifeco had a net margin of 10.96% and a return on equity of 13.98%. As a group, equities analysts anticipate that Great-West Lifeco Inc. will post 4.4525194 earnings per share for the current year.
Great-West Lifeco Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were given a $0.67 dividend. This is a positive change from Great-West Lifeco's previous quarterly dividend of $0.61. The ex-dividend date was Tuesday, March 3rd. This represents a $2.68 annualized dividend and a yield of 4.1%. Great-West Lifeco's payout ratio is currently 57.28%.
Wall Street Analysts Forecast Growth
GWO has been the topic of a number of recent analyst reports. Jefferies Financial Group raised Great-West Lifeco from a "hold" rating to a "buy" rating and lifted their price target for the company from C$67.00 to C$70.00 in a report on Friday, February 13th. Royal Bank Of Canada increased their price objective on Great-West Lifeco from C$60.00 to C$64.00 and gave the stock a "sector perform" rating in a report on Friday, February 13th. TD Securities raised their target price on Great-West Lifeco from C$70.00 to C$73.00 in a research report on Wednesday, January 14th. Canadian Imperial Bank of Commerce lifted their target price on Great-West Lifeco from C$67.00 to C$73.00 and gave the company an "outperform" rating in a research note on Thursday, January 8th. Finally, BMO Capital Markets reduced their price target on Great-West Lifeco from C$68.00 to C$66.00 and set a "market perform" rating for the company in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of C$67.22.
Check Out Our Latest Report on Great-West Lifeco
Great-West Lifeco Company Profile
(
Get Free Report)
Great-West Lifeco is one of the three big Canadian life insurance firms. With just under half of the firm's profit and revenue in Canada, Great-West also operates in the U.S. and Europe. In Canada, Great-West provides both individual and group insurance. In the United States, Great-West operates Putnam Investments and defined-contribution recordkeeping firm Empower Retirement. In 2020, Great-West announced it would acquire Personal Capital and MassMutual's recordkeeping business. In Europe, Great-West offers life insurance, annuities, and reinsurance primarily in the U.K., Ireland, and Germany.
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