Great-West Lifeco (TSE:GWO) Stock Gets Price Target Cut from National Bank Financial

Great-West Lifeco (TSE:GWO) had its price target reduced by National Bank Financial from C$95.00 to C$94.00 in a report released on Monday morning,BayStreet reports. National Bank Financial currently has a sector perform rating on the stock.

A number of other brokerages have also commented on GWO. Jefferies Financial Group upped their price target on shares of Great-West Lifeco from C$84.00 to C$107.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Canadian Imperial Bank of Commerce raised their price objective on shares of Great-West Lifeco from C$95.00 to C$97.00 in a research report on Thursday, July 30th. Desjardins boosted their price objective on Great-West Lifeco from C$93.00 to C$95.00 in a report on Thursday, July 30th. Evercore raised Great-West Lifeco to a “hold” rating in a research report on Tuesday, September 29th. Finally, BMO Capital Markets upped their target price on Great-West Lifeco from C$90.00 to C$92.00 and gave the company a “market perform” rating in a research report on Thursday, July 30th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$93.18.

Great-West Lifeco Stock Performance

GWO opened at C$91.82 on Monday. Great-West Lifeco has a 12-month low of C$58.16 and a 12-month high of C$95.96. The stock has a market cap of C$82.20 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 2.26 and a beta of 0.62. The business has a 50 day moving average of C$90.83 and a 200-day moving average of C$85.40. The company has a quick ratio of 22.18, a current ratio of 6.07 and a debt-to-equity ratio of 28.63.

Great-West Lifeco (TSE:GWO) last issued its quarterly earnings data on Tuesday, July 28th. The company reported C$1.42 earnings per share for the quarter. The company had revenue of C$8.35 billion for the quarter. Great-West Lifeco had a net margin of 12.49% and a return on equity of 15.48%. On average, equities research analysts expect that Great-West Lifeco will post 4.45 earnings per share for the current year.

Great-West Lifeco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $2.68 dividend on an annualized basis and a yield of 2.9%. Great-West Lifeco’s dividend payout ratio is currently 52.89%.

Great-West Lifeco Company Profile

Great-West Lifeco is one of the three big Canadian life insurance firms. With just under half of the firm’s profit and revenue in Canada, Great-West also operates in the U.S. and Europe. In Canada, Great-West provides both individual and group insurance. In the United States, Great-West operates Putnam Investments and defined-contribution recordkeeping firm Empower Retirement. In 2020, Great-West announced it would acquire Personal Capital and MassMutual’s recordkeeping business. In Europe, Great-West offers life insurance, annuities, and reinsurance primarily in the U.K., Ireland, and Germany.