Great-West Lifeco Inc (GWO) Receives Consensus Rating of “Hold” from Brokerages

Great-West Lifeco Inc (TSE:GWO) has earned an average rating of “Hold” from the twelve analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$37.33.

GWO has been the subject of several recent analyst reports. National Bank Financial lifted their price objective on shares of Great-West Lifeco from C$36.00 to C$38.00 and gave the stock an “outperform” rating in a research note on Friday, November 17th. CSFB lifted their price objective on shares of Great-West Lifeco from C$37.00 to C$39.00 in a research note on Wednesday, November 1st. Eight Capital dropped their price objective on shares of Great-West Lifeco from C$38.00 to C$37.00 in a research note on Friday, November 3rd. Royal Bank of Canada lifted their target price on Great-West Lifeco from C$35.00 to C$36.00 in a research report on Friday, November 3rd. Finally, Barclays lifted their target price on Great-West Lifeco from C$37.00 to C$38.00 in a research report on Friday, November 3rd.

Great-West Lifeco (TSE:GWO) traded down C$0.16 during midday trading on Thursday, reaching C$35.08. 315,141 shares of the company’s stock traded hands, compared to its average volume of 473,962. Great-West Lifeco has a 52 week low of C$33.01 and a 52 week high of C$37.79.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 29th will be given a dividend of $0.367 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.47 annualized dividend and a dividend yield of 4.18%. Great-West Lifeco’s dividend payout ratio (DPR) is 58.82%.

In other news, Director James Mahase Singh acquired 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The stock was purchased at an average cost of C$35.05 per share, for a total transaction of C$35,050.00. Also, insider Lifeco U.S. Holding Great-West acquired 81,387 shares of the firm’s stock in a transaction that occurred on Saturday, September 30th. The stock was purchased at an average price of C$35.62 per share, with a total value of C$2,899,004.94.

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Great-West Lifeco Company Profile

Great-West Lifeco Inc (Lifeco) is a financial services holding company. The Company has interests in the life insurance, health insurance, asset management, investment and retirement savings, and reinsurance businesses. It operates through four operating segments: Canada, United States, Europe and Lifeco Corporate.

Analyst Recommendations for Great-West Lifeco (TSE:GWO)

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