National Bank Financial Weighs in on TSE:GWO FY2024 Earnings

Great-West Lifeco Inc. (TSE:GWO) – Analysts at National Bank Financial upped their FY2024 earnings per share (EPS) estimates for shares of Great-West Lifeco in a note issued to investors on Tuesday, January 14th. National Bank Financial analyst G. Dechaine now anticipates that the company will earn $4.41 per share for the year, up from their previous estimate 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.

Other analysts also recently issued research reports about the stock. Scotiabank increased their price objective on shares of Great-West Lifeco from C$44.00 to C$50.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Royal Bank of Canada increased their price target on Great-West Lifeco from C$47.00 to C$51.00 in a report on Friday, November 8th. Barclays boosted their price objective on Great-West Lifeco from C$45.00 to C$46.00 in a research note on Monday, January 6th. Jefferies Financial Group raised their target price on Great-West Lifeco from C$42.00 to C$48.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Finally, CIBC upped their price target on Great-West Lifeco from C$51.00 to C$55.00 in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Great-West Lifeco presently has an average rating of “Hold” and an average price target of C$47.75.

Great-West Lifeco Price Performance

Shares of TSE GWO opened at C$45.99 on Thursday. The stock has a market capitalization of C$42.87 billion, a price-to-earnings ratio of 11.56, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84. Great-West Lifeco has a 52 week low of C$38.44 and a 52 week high of C$50.99. The firm has a 50-day simple moving average of C$48.08 and a 200-day simple moving average of C$45.17. The company has a quick ratio of 22.18, a current ratio of 37.46 and a debt-to-equity ratio of 29.61.

Great-West Lifeco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a dividend of $0.555 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $2.22 annualized dividend and a yield of 4.83%. Great-West Lifeco’s dividend payout ratio is currently 55.78%.

Insider Activity at Great-West Lifeco

In other Great-West Lifeco news, Director Charles Donald Harvey Henaire sold 26,400 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of C$49.50, for a total transaction of C$1,306,800.00. Also, Senior Officer Colleen Nancy Bailey Moffitt sold 825 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of C$49.11, for a total value of C$40,515.75. Following the completion of the transaction, the insider now owns 66 shares in the company, valued at C$3,241.26. This trade represents a 92.59 % decrease in their position. Insiders sold a total of 174,613 shares of company stock valued at $8,697,880 over the last ninety days. Insiders own 70.70% of the company’s stock.

Great-West Lifeco Company Profile

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.