Great-West Lifeco Inc. (TSE:GWO – Free Report) – Analysts at Desjardins boosted their Q3 2024 earnings per share (EPS) estimates for Great-West Lifeco in a note issued to investors on Wednesday, October 9th. Desjardins analyst D. Young now expects that the company will post earnings per share of $1.09 for the quarter, up from their prior forecast of $1.07. 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 FY2024 earnings at $4.42 EPS and FY2026 earnings at $4.85 EPS.
Other analysts have also issued research reports about the company. TD Securities increased their price target on Great-West Lifeco from C$43.00 to C$44.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Royal Bank of Canada raised their target price on shares of Great-West Lifeco from C$45.00 to C$47.00 in a report on Thursday, August 8th. Jefferies Financial Group dropped their price target on shares of Great-West Lifeco from C$46.00 to C$42.00 in a research note on Thursday, July 18th. Finally, Barclays set a C$43.00 price objective on shares of Great-West Lifeco and gave the stock an “underweight” rating in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$44.25.
Great-West Lifeco Stock Up 0.8 %
Shares of TSE:GWO opened at C$46.61 on Friday. The company has a market cap of C$43.45 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 2.26 and a beta of 0.84. Great-West Lifeco has a 12 month low of C$37.06 and a 12 month high of C$46.73. The company has a current ratio of 37.46, a quick ratio of 22.18 and a debt-to-equity ratio of 29.61. The company has a 50-day moving average price of C$44.25 and a 200 day moving average price of C$42.20.
Great-West Lifeco (TSE:GWO – Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported C$1.11 EPS for the quarter, beating analysts’ consensus estimates of C$1.05 by C$0.06. Great-West Lifeco had a return on equity of 13.21% and a net margin of 11.32%. The company had revenue of C$8.61 billion during the quarter, compared to analyst estimates of C$9.83 billion.
Great-West Lifeco Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were given a dividend of $0.555 per share. The ex-dividend date was Friday, August 30th. This represents a $2.22 annualized dividend and a yield of 4.76%. Great-West Lifeco’s dividend payout ratio (DPR) is presently 55.78%.
Insider Transactions at Great-West Lifeco
In related news, Director Richard Henry Linton sold 35,800 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of C$46.27, for a total transaction of C$1,656,344.28. In other news, Director Charles Donald Harvey Henaire sold 25,400 shares of the firm’s stock in a transaction on 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 on 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.
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