FY2021 EPS Estimates for Great-West Lifeco Inc. (TSE:GWO) Raised by Analyst

Great-West Lifeco Inc. (TSE:GWO) – Analysts at National Bank Financial lifted their FY2021 earnings estimates for shares of Great-West Lifeco in a research report issued on Tuesday, January 11th. National Bank Financial analyst G. Dechaine now expects that the company will post earnings of $3.52 per share for the year, up from their prior forecast of $3.51. National Bank Financial has a “Sector Perform” rating and a $39.00 price objective on the stock. National Bank Financial also issued estimates for Great-West Lifeco’s Q4 2021 earnings at $0.90 EPS and FY2023 earnings at $4.11 EPS.

A number of other research firms have also recently weighed in on GWO. National Bankshares upped their target price on shares of Great-West Lifeco from C$38.00 to C$39.00 and gave the company a “sector perform” rating in a research note on Friday, November 5th. Royal Bank of Canada upped their target price on shares of Great-West Lifeco from C$39.00 to C$41.00 and gave the company a “sector perform” rating in a research note on Friday, November 5th. TD Securities upped their target price on shares of Great-West Lifeco from C$43.00 to C$44.00 and gave the company a “buy” rating in a research note on Thursday, November 4th. CSFB upped their target price on shares of Great-West Lifeco from C$40.00 to C$41.00 in a research note on Tuesday, November 9th. Finally, Scotiabank upped their price objective on shares of Great-West Lifeco from C$41.00 to C$42.00 in a research note on Friday, November 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Great-West Lifeco presently has a consensus rating of “Hold” and a consensus price target of C$40.45.

Shares of GWO opened at C$39.03 on Thursday. The firm has a market capitalization of C$36.32 billion and a P/E ratio of 11.08. The company has a 50-day simple moving average of C$37.90 and a 200-day simple moving average of C$38.02. Great-West Lifeco has a 52 week low of C$28.85 and a 52 week high of C$39.73. The company has a debt-to-equity ratio of 29.02, a quick ratio of 20.95 and a current ratio of 24.32.

Great-West Lifeco (TSE:GWO) last announced its quarterly earnings data on Wednesday, November 3rd. The company reported C$0.93 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.86 by C$0.07. The company had revenue of C$17.43 billion for the quarter.

In other news, Director Arshil Jamal sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 4th. The shares were sold at an average price of C$38.00, for a total transaction of C$1,900,000.00. Following the transaction, the director now directly owns 32,500 shares in the company, valued at C$1,235,000.

The business also recently announced a quarterly dividend, which was paid on Friday, December 31st. Stockholders of record on Friday, December 31st were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 5.02%. This is a positive change from Great-West Lifeco’s previous quarterly dividend of $0.44. The ex-dividend date was Thursday, December 2nd. Great-West Lifeco’s dividend payout ratio is presently 49.73%.

About Great-West Lifeco

Great-West Lifeco Inc, a financial services holding company, 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 a portfolio of financial and benefit plan solutions for individuals, families, businesses, and organizations; life, disability, critical illness, accidental death, dismemberment, health and dental protection, and creditor insurance products; and wealth savings and income, accumulation, and annuity products.

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