Great-West Lifeco Inc. (TSE:GWO - Free Report) - Stock analysts at Desjardins increased their FY2024 earnings per share (EPS) estimates for shares of Great-West Lifeco in a report issued on Thursday, November 7th. Desjardins analyst D. Young now forecasts that the company will post earnings per share of $4.47 for the year, up from their prior forecast of $4.42. The consensus estimate for Great-West Lifeco's current full-year earnings is $4.45 per share. Desjardins also issued estimates for Great-West Lifeco's Q4 2024 earnings at $1.14 EPS.
A number of other equities research analysts also recently issued reports on GWO. Jefferies Financial Group upped their price objective on 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. TD Securities raised 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. Scotiabank lifted their price objective on 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. Barclays raised their target price on Great-West Lifeco from C$43.00 to C$45.00 in a research report on Friday. Finally, Royal Bank of Canada lifted their price objective on Great-West Lifeco from C$47.00 to C$51.00 in a report on Friday. One investment 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. According to data from MarketBeat, Great-West Lifeco currently has an average rating of "Hold" and a consensus target price of C$47.63.
Get Our Latest Analysis on Great-West Lifeco
Great-West Lifeco Price Performance
Shares of Great-West Lifeco stock traded up C$0.20 during trading hours on Monday, hitting C$49.29. The company's stock had a trading volume of 150,006 shares, compared to its average volume of 2,611,175. The business has a 50 day moving average price of C$46.20 and a two-hundred day moving average price of C$42.95. Great-West Lifeco has a 12-month low of C$38.44 and a 12-month high of C$49.64. The company has a market cap of C$45.95 billion, a PE ratio of 12.33, a PEG 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.
Insider Buying and Selling at Great-West Lifeco
In related news, Director Charles Donald Harvey Henaire sold 25,400 shares of the firm's stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of C$44.72, for a total transaction of C$1,135,888.00. In other Great-West Lifeco news, Director Charles Donald Harvey Henaire sold 25,400 shares of Great-West Lifeco stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of C$44.72, for a total value of C$1,135,888.00. Also, Director Richard Henry Linton sold 35,800 shares of Great-West Lifeco stock in a transaction on Friday, October 4th. The shares were sold at an average price of C$46.27, for a total transaction of C$1,656,344.28. 70.70% of the stock is currently owned by corporate insiders.
Great-West Lifeco Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 3rd will be issued a $0.555 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.22 dividend on an annualized basis and a yield of 4.50%. Great-West Lifeco's dividend payout ratio (DPR) is presently 55.78%.
Great-West Lifeco Company Profile
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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.
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