Great-West Lifeco (TSE:GWO) Reaches New 12-Month High – What’s Next?

Great-West Lifeco Inc. (TSE:GWO) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$94.99 and last traded at C$94.52, with a volume of 61169 shares changing hands. The stock had previously closed at C$93.52.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada raised their price objective on Great-West Lifeco from C$77.00 to C$91.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. National Bank Financial boosted their target price on Great-West Lifeco from C$93.00 to C$95.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 29th. TD boosted their target price on Great-West Lifeco from C$98.00 to C$106.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Canadian Imperial Bank of Commerce upped their target price on Great-West Lifeco from C$95.00 to C$97.00 in a report on Thursday, July 30th. Finally, Desjardins increased their price target on Great-West Lifeco from C$93.00 to C$95.00 in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$93.27.

Great-West Lifeco Trading Down 2.1%

The company has a current ratio of 6.07, a quick ratio of 22.18 and a debt-to-equity ratio of 28.63. The firm has a market cap of C$83.03 billion, a PE ratio of 19.16, a P/E/G ratio of 2.26 and a beta of 0.61. The company’s 50-day moving average is C$91.57 and its 200 day moving average is C$81.46.

Great-West Lifeco (TSE:GWO) last posted its quarterly earnings data on Tuesday, July 28th. The company reported C$1.42 earnings per share for the quarter. The firm 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%. As a group, sell-side analysts predict that Great-West Lifeco Inc. will post 4.4525194 EPS for the current year.

Great-West Lifeco Announces Dividend

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

About Great-West Lifeco

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.