FY2024 EPS Estimate for Great-West Lifeco Boosted by Analyst

Great-West Lifeco Inc. (TSE:GWO - Free Report) - Research analysts at National Bank Financial raised their FY2024 earnings estimates for Great-West Lifeco in a research note issued to investors on Tuesday, January 14th. National Bank Financial analyst G. Dechaine now forecasts that the company will post earnings per share of $4.41 for the year, up from their prior forecast 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.

Other equities analysts have also recently issued reports about the company. Royal Bank of Canada lifted their price target on Great-West Lifeco from C$47.00 to C$51.00 in a research report on Friday, November 8th. Barclays lifted their target price on Great-West Lifeco from C$45.00 to C$46.00 in a report on Monday, January 6th. Scotiabank increased their price target on shares of Great-West Lifeco from C$44.00 to C$50.00 and gave the stock a "sector perform" rating in a report on Wednesday, October 30th. CIBC boosted their price objective on shares of Great-West Lifeco from C$51.00 to C$55.00 in a research note on Friday, November 8th. Finally, Jefferies Financial Group upped their target price 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of C$47.75.

Great-West Lifeco Stock Performance

GWO stock traded up C$0.55 during midday trading on Thursday, reaching C$46.54. 735,625 shares of the company's stock traded hands, compared to its average volume of 1,418,275. The firm has a market capitalization of C$43.38 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84. The company has a 50-day moving average price of C$48.05 and a two-hundred day moving average price of C$45.22. Great-West Lifeco has a 52 week low of C$38.44 and a 52 week high of C$50.99. 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 Transactions at Great-West Lifeco

In related news, Director Charles Donald Harvey Henaire sold 26,400 shares of the firm's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of C$49.50, for a total transaction of C$1,306,800.00. Also, Senior Officer David Martin Harney sold 562 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of C$47.55, for a total value of C$26,721.58. Insiders have sold 174,613 shares of company stock valued at $8,697,880 in the last quarter. Insiders own 70.70% of the company's stock.

Great-West Lifeco Dividend Announcement

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

About Great-West Lifeco

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.