Great-West Lifeco Inc. Expected to Post FY2024 Earnings of $4.31 Per Share (TSE:GWO)

Great-West Lifeco Inc. (TSE:GWO) – National Bank Financial raised their FY2024 earnings estimates for shares of Great-West Lifeco in a research report issued to clients and investors on Tuesday, August 6th. National Bank Financial analyst G. Dechaine now forecasts that the company will earn $4.31 per share for the year, up from their prior estimate of $4.30. The consensus estimate for Great-West Lifeco’s current full-year earnings is $4.28 per share.

Several other equities research analysts have also commented on GWO. Jefferies Financial Group cut their target price on Great-West Lifeco from C$46.00 to C$42.00 in a research report on Thursday, July 18th. Royal Bank of Canada increased their target price on shares of Great-West Lifeco from C$45.00 to C$47.00 in a research note on Thursday. National Bankshares upped their price objective on shares of Great-West Lifeco from C$42.00 to C$43.00 and gave the company a “sector perform” rating in a report on Thursday, May 2nd. BMO Capital Markets increased their price objective on shares of Great-West Lifeco from C$44.00 to C$45.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Finally, TD Securities boosted their target price on Great-West Lifeco from C$43.00 to C$44.00 and gave the company a “hold” rating in a research report on Wednesday. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$43.78.

Great-West Lifeco Trading Up 3.1 %

GWO traded up C$1.24 during trading on Thursday, reaching C$41.32. 2,749,180 shares of the stock traded hands, compared to its average volume of 2,536,041. The company has a quick ratio of 22.18, a current ratio of 37.37 and a debt-to-equity ratio of 29.96. The stock’s 50-day moving average is C$40.24 and its 200 day moving average is C$41.69. Great-West Lifeco has a 12 month low of C$37.06 and a 12 month high of C$45.18. The stock has a market capitalization of C$38.55 billion, a PE ratio of 11.77, a P/E/G ratio of 2.26 and a beta of 0.87.

Great-West Lifeco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a yield of 5.37%. The ex-dividend date is Friday, August 30th. Great-West Lifeco’s dividend payout ratio (DPR) is presently 63.25%.

Insiders Place Their Bets

In other news, Director Olivier Desmarais sold 1,029 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of C$40.88, for a total value of C$42,065.52. Insiders own 70.58% of the company’s stock.

About Great-West Lifeco

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.