TSE:GWO FY2024 EPS Raised by National Bank Financial

Great-West Lifeco Inc. (TSE:GWO) – Equities researchers at National Bank Financial boosted their FY2024 earnings per share (EPS) estimates for shares of Great-West Lifeco in a report released on Tuesday, January 14th. National Bank Financial analyst G. Dechaine now anticipates that the company will post earnings of $4.41 per share for the year, up from their previous forecast of $4.39. The consensus estimate for Great-West Lifeco’s current full-year earnings is $4.45 per share. National Bank Financial also issued estimates for Great-West Lifeco’s Q4 2024 earnings at $1.11 EPS and FY2026 earnings at $4.97 EPS.

Several other analysts have also recently commented on the stock. Scotiabank lifted their target price on shares of Great-West Lifeco from C$44.00 to C$50.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. Barclays upped their target price on Great-West Lifeco from C$45.00 to C$46.00 in a research note on Monday, January 6th. Royal Bank of Canada raised their target price on shares of Great-West Lifeco from C$47.00 to C$51.00 in a research report on Friday, November 8th. CIBC boosted their price objective on shares of Great-West Lifeco from C$51.00 to C$55.00 in a research note on Friday, November 8th. Finally, Jefferies Financial Group increased their price objective on shares of Great-West Lifeco from C$42.00 to C$48.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. One equities 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$47.75.

Great-West Lifeco Trading Up 1.1 %

Great-West Lifeco stock opened at C$45.99 on Thursday. The stock has a 50-day moving average price of C$48.08 and a 200 day moving average price of C$45.17. Great-West Lifeco has a 52 week low of C$38.44 and a 52 week high of C$50.99. The stock has a market cap of C$42.87 billion, a PE ratio of 11.56, a P/E/G ratio of 2.26 and a beta of 0.84. The company has a current ratio of 37.46, a quick ratio of 22.18 and a debt-to-equity ratio of 29.61.

Insider Activity

In other Great-West Lifeco news, Director Paul Mahon sold 146,826 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of C$49.88, for a total value of C$7,323,842.39. Also, Senior Officer David Martin Harney sold 562 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of C$47.55, for a total value of C$26,721.58. Insiders have sold 174,613 shares of company stock worth $8,697,880 over the last 90 days. Company insiders own 70.70% of the company’s stock.

Great-West Lifeco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were given a $0.555 dividend. This represents a $2.22 annualized dividend and a yield of 4.83%. The ex-dividend date of this dividend was Tuesday, December 3rd. Great-West Lifeco’s dividend payout ratio (DPR) is 55.78%.

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.