National Bank Financial Weighs in on TSE:GWO FY2024 Earnings

Great-West Lifeco Inc. (TSE:GWO) – Investment analysts at National Bank Financial increased their FY2024 earnings per share (EPS) estimates for Great-West Lifeco in a note issued to investors on Wednesday, November 6th. National Bank Financial analyst G. Dechaine now expects that the company will post earnings per share of $4.39 for the year, up from their prior estimate of $4.34. 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 $1.10 EPS and FY2025 earnings at $4.69 EPS.

GWO has been the subject of a number of other reports. Royal Bank of Canada increased their price objective on Great-West Lifeco from C$47.00 to C$51.00 in a report on Friday. Jefferies Financial Group upped their price objective on shares of Great-West Lifeco from C$42.00 to C$48.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Barclays lifted their target price on shares of Great-West Lifeco from C$43.00 to C$45.00 in a research note on Friday. CIBC upped their target price on Great-West Lifeco from C$51.00 to C$55.00 in a research report on Friday. Finally, TD Securities boosted their price target on Great-West Lifeco from C$43.00 to C$44.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Great-West Lifeco presently has a consensus rating of “Hold” and an average price target of C$47.63.

Great-West Lifeco Stock Up 0.2 %

Shares of TSE GWO opened at C$49.09 on Friday. The company has a 50 day simple moving average of C$46.20 and a 200 day simple moving average of C$42.95. The company has a debt-to-equity ratio of 29.61, a current ratio of 37.46 and a quick ratio of 22.18. Great-West Lifeco has a 1 year low of C$38.44 and a 1 year high of C$49.54. The firm has a market cap of C$45.76 billion, a PE ratio of 12.33, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84.

Insider Activity at Great-West Lifeco

In other Great-West Lifeco news, Director Richard Henry Linton sold 35,800 shares of the firm’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of C$46.27, for a total value of C$1,656,344.28. In related news, Director Richard Henry Linton sold 35,800 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of C$46.27, for a total value of C$1,656,344.28. Also, Director Charles Donald Harvey Henaire sold 25,400 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of C$44.72, for a total transaction of C$1,135,888.00. 70.70% of the stock is currently owned by insiders.

Great-West Lifeco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 3rd will be given a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date of this dividend is Tuesday, December 3rd. Great-West Lifeco’s payout ratio 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.