Great-West Lifeco’s (GWO) Sell Rating Reaffirmed at Veritas Investment Research

Veritas Investment Research restated their sell rating on shares of Great-West Lifeco (TSE:GWO – Get Rating) in a research note issued to investors on Friday morning, Marketbeat Ratings reports.

Other equities analysts have also recently issued research reports about the company. CIBC decreased their price target on Great-West Lifeco from C$42.00 to C$41.00 in a report on Friday, April 22nd. Scotiabank reduced their target price on Great-West Lifeco from C$41.00 to C$38.00 in a report on Monday, May 2nd. Barclays reduced their target price on Great-West Lifeco from C$45.00 to C$41.00 and set a hold rating on the stock in a report on Tuesday, April 12th. Finally, National Bankshares reduced their target price on Great-West Lifeco from C$39.00 to C$38.00 in a report on Wednesday, April 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Great-West Lifeco has a consensus rating of Hold and a consensus price target of C$39.64.

Great-West Lifeco stock opened at C$33.97 on Friday. The business’s 50-day simple moving average is C$36.22 and its 200 day simple moving average is C$37.61. The stock has a market cap of C$31.62 billion and a price-to-earnings ratio of 10.11. Great-West Lifeco has a 12-month low of C$33.37 and a 12-month high of C$41.50. The company has a quick ratio of 12.57, a current ratio of 14.96 and a debt-to-equity ratio of 31.93.

Great-West Lifeco (TSE:GWO – Get Rating) last posted its quarterly earnings results on Wednesday, February 9th. The company reported C$0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.91 by C($0.03). The company had revenue of C$18.12 billion during the quarter. As a group, sell-side analysts expect that Great-West Lifeco will post 4.0799997 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Thursday, March 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 5.77%. The ex-dividend date was Wednesday, March 2nd. Great-West Lifeco’s dividend payout ratio is currently 58.33%.

In related news, Senior Officer Paul Mahon sold 62,260 shares of Great-West Lifeco stock in a transaction that occurred on Friday, February 11th. The stock was sold at an average price of C$40.18, for a total value of C$2,501,507.18. Following the sale, the insider now owns 218,906 shares of the company’s stock, valued at approximately C$8,795,292.83.

About Great-West Lifeco (Get Rating)

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 retirement savings and income, annuity, and other specialty products.

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