Great-West Lifeco (TSE:GWO) Stock Price Passes Above Two Hundred Day Moving Average of $37.99

Shares of Great-West Lifeco Inc. (TSE:GWO) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$37.99 and traded as high as C$39.78. Great-West Lifeco shares last traded at C$39.52, with a volume of 2,871,812 shares.

Analyst Ratings Changes

Several brokerages have commented on GWO. TD Securities boosted their price target on shares of Great-West Lifeco from C$41.00 to C$42.00 and gave the stock a “hold” rating in a research note on Wednesday, August 9th. CIBC boosted their price target on shares of Great-West Lifeco from C$41.00 to C$42.00 in a research note on Thursday, August 10th. National Bankshares boosted their price target on shares of Great-West Lifeco from C$38.00 to C$39.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 1st. Barclays boosted their price target on shares of Great-West Lifeco from C$40.00 to C$43.00 in a research note on Thursday, August 10th. Finally, Desjardins set a C$39.00 price target on shares of Great-West Lifeco in a research note on Thursday, July 20th.

Great-West Lifeco Stock Performance

The business’s fifty day moving average price is C$39.19 and its two-hundred day moving average price is C$37.99. The company has a debt-to-equity ratio of 31.98, a quick ratio of 22.18 and a current ratio of 26.63. The stock has a market capitalization of C$36.80 billion, a P/E ratio of 16.47, a P/E/G ratio of 2.26 and a beta of 0.82.

Great-West Lifeco (TSE:GWO) last posted its earnings results on Tuesday, August 8th. The company reported C$0.99 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.92 by C$0.07. Great-West Lifeco had a net margin of 4.27% and a return on equity of 8.52%. The firm had revenue of C$5.94 billion for the quarter. As a group, sell-side analysts forecast that Great-West Lifeco Inc. will post 3.8446411 earnings per share for the current year.

Great-West Lifeco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $2.08 annualized dividend and a yield of 5.26%. Great-West Lifeco’s payout ratio is 86.67%.

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.