Great-West Lifeco (TSE:GWO) Price Target Lowered to C$43.00 at TD Securities

Great-West Lifeco (TSE:GWO - Free Report) had its target price decreased by TD Securities from C$44.00 to C$43.00 in a research note published on Friday, BayStreet.CA reports.

GWO has been the subject of a number of other reports. Royal Bank of Canada upped their price target on shares of Great-West Lifeco from C$44.00 to C$45.00 and gave the stock a sector perform rating in a research report on Friday, May 3rd. Jefferies Financial Group boosted their price objective on shares of Great-West Lifeco from C$44.00 to C$46.00 in a report on Friday, May 3rd. BMO Capital Markets boosted their price objective on shares of Great-West Lifeco from C$44.00 to C$45.00 and gave the stock an outperform rating in a report on Friday, May 3rd. Finally, National Bankshares boosted their price objective on shares of Great-West Lifeco from C$42.00 to C$43.00 and gave the stock a sector perform rating in a report on Thursday, May 2nd. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of C$43.89.

Great-West Lifeco Price Performance

Shares of GWO stock traded up C$0.37 during midday trading on Friday, reaching C$40.07. 1,461,547 shares of the company traded hands, compared to its average volume of 2,623,886. The firm's 50 day simple moving average is C$40.89 and its two-hundred day simple moving average is C$42.01. Great-West Lifeco has a 1-year low of C$37.06 and a 1-year high of C$45.18. The company has a debt-to-equity ratio of 29.96, a current ratio of 37.37 and a quick ratio of 22.18. The firm has a market cap of C$37.38 billion, a PE ratio of 11.42, a price-to-earnings-growth ratio of 2.26 and a beta of 0.87.

Great-West Lifeco (TSE:GWO - Get Free Report) last released its earnings results on Wednesday, May 1st. The company reported C$1.09 EPS for the quarter, topping the consensus estimate of C$1.02 by C$0.07. Great-West Lifeco had a net margin of 10.05% and a return on equity of 11.74%. The firm had revenue of C$7.88 billion during the quarter, compared to analysts' expectations of C$10.58 billion. On average, equities research analysts expect that Great-West Lifeco will post 4.2812813 EPS for the current fiscal year.

Great-West Lifeco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 31st were paid a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a yield of 5.54%. The ex-dividend date was Friday, May 31st. Great-West Lifeco's dividend payout ratio is presently 63.25%.

Insider Activity at Great-West Lifeco

In related news, Director Olivier Desmarais sold 1,029 shares of the company's stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of C$40.88, for a total value of C$42,065.52. 70.58% of the stock is owned by 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.