Great-West Lifeco (TSE:GWO) Price Target Raised to C$46.00 at Barclays

Great-West Lifeco (TSE:GWO) had its target price hoisted by Barclays from C$45.00 to C$46.00 in a research note published on Monday,BayStreet.CA reports.

GWO has been the subject of several other reports. CIBC lifted their price objective on Great-West Lifeco from C$51.00 to C$55.00 in a research report on Friday, November 8th. Jefferies Financial Group boosted their price target on 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. Scotiabank upped 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 report on Wednesday, October 30th. Finally, Royal Bank of Canada lifted their price objective on Great-West Lifeco from C$47.00 to C$51.00 in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$47.75.

Great-West Lifeco Stock Performance

Shares of GWO stock opened at C$47.15 on Monday. The stock has a fifty day moving average price of C$48.16 and a 200 day moving average price of C$44.86. The company has a debt-to-equity ratio of 29.61, a quick ratio of 22.18 and a current ratio of 37.46. The stock has a market cap of C$43.95 billion, a PE ratio of 11.85, a P/E/G ratio of 2.26 and a beta of 0.84. Great-West Lifeco has a 1 year low of C$38.44 and a 1 year high of C$50.99.

Great-West Lifeco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.555 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $2.22 annualized dividend and a yield of 4.71%. Great-West Lifeco’s dividend payout ratio is presently 55.78%.

Insider Transactions at Great-West Lifeco

In other Great-West Lifeco news, Director Charles Donald Harvey Henaire sold 26,400 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of C$49.50, for a total transaction of C$1,306,800.00. Also, Director Paul Mahon sold 146,826 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of C$49.88, for a total value of C$7,323,842.39. Over the last quarter, insiders sold 174,613 shares of company stock valued at $8,697,880. 70.70% of the stock is currently owned by corporate 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.