Great-West Lifeco (TSE:GWO) Upgraded to “Hold” at Evercore

Evercore upgraded shares of Great-West Lifeco (TSE:GWO) to a hold rating in a research report report published on Tuesday morning,Zacks reports.

Other equities research analysts have also issued reports about the company. Barclays raised their price objective on Great-West Lifeco from C$86.00 to C$87.00 in a research note on Wednesday, July 29th. Royal Bank Of Canada boosted their target price on Great-West Lifeco from C$77.00 to C$91.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th. Desjardins upped their target price on Great-West Lifeco from C$93.00 to C$95.00 in a report on Thursday, July 30th. TD increased their price target on Great-West Lifeco from C$98.00 to C$106.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Finally, BMO Capital Markets lifted their price target on Great-West Lifeco from C$90.00 to C$92.00 and gave the stock a “market perform” rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$93.27.

Great-West Lifeco Stock Down 1.0%

GWO stock opened at C$89.87 on Tuesday. The firm has a market cap of C$80.45 billion, a PE ratio of 18.57, a P/E/G ratio of 2.26 and a beta of 0.61. Great-West Lifeco has a 12 month low of C$55.72 and a 12 month high of C$95.96. The company has a debt-to-equity ratio of 28.63, a current ratio of 6.07 and a quick ratio of 22.18. The firm has a 50 day simple moving average of C$91.52 and a 200 day simple moving average of C$82.71.

Great-West Lifeco (TSE:GWO) last posted its quarterly earnings results on Tuesday, July 28th. The company reported C$1.42 earnings per share (EPS) 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%. Equities research analysts forecast that Great-West Lifeco will post 4.4525194 earnings per share for the current fiscal year.

Great-West Lifeco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were paid a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $2.68 dividend on an annualized basis and a yield of 3.0%. Great-West Lifeco’s dividend payout ratio (DPR) is currently 52.89%.

Great-West Lifeco Company Profile

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.