FY2024 EPS Estimate for Great-West Lifeco Lifted by Analyst

Great-West Lifeco Inc. (TSE:GWO) – Desjardins lifted their FY2024 EPS estimates for shares of Great-West Lifeco in a report issued on Thursday, November 7th. Desjardins analyst D. Young now expects that the company will post earnings of $4.47 per share for the year, up from their prior estimate 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.

Several other research firms have also weighed in on GWO. CIBC lifted their price target on Great-West Lifeco from C$51.00 to C$55.00 in a research report on Friday. Jefferies Financial Group boosted their target price on shares of 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. Barclays upped their target price on shares of Great-West Lifeco from C$43.00 to C$45.00 in a research report on Friday. Scotiabank lifted their price target on shares of Great-West Lifeco from C$44.00 to C$50.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Finally, TD Securities boosted their price objective on shares of 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$47.63.

Great-West Lifeco Price Performance

GWO stock opened at C$48.79 on Monday. Great-West Lifeco has a 1 year low of C$38.44 and a 1 year high of C$49.64. The firm has a 50-day moving average of C$46.20 and a 200 day moving average of C$42.95. The company has a debt-to-equity ratio of 29.61, a current ratio of 37.46 and a quick ratio of 22.18. The company has a market cap of C$45.48 billion, a P/E ratio of 12.33, a PEG ratio of 2.26 and a beta of 0.84.

Great-West Lifeco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $0.555 per share. 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 4.55%. Great-West Lifeco’s dividend payout ratio is currently 55.78%.

Insiders Place Their Bets

In other news, Director Charles Donald Harvey Henaire sold 25,400 shares of the 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 related news, Director Charles Donald Harvey Henaire sold 25,400 shares of Great-West Lifeco 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. Also, Director Richard Henry Linton sold 35,800 shares of the business’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of C$46.27, for a total value of C$1,656,344.28. Corporate insiders own 70.70% of the company’s stock.

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.