Desjardins Equities Analysts Lift Earnings Estimates for Great-West Lifeco Inc. (TSE:GWO)

Great-West Lifeco Inc. (TSE:GWO) – Desjardins lifted their FY2023 earnings per share estimates for shares of Great-West Lifeco in a report released on Thursday, November 9th. Desjardins analyst D. Young now forecasts that the company will earn $3.88 per share for the year, up from their previous estimate of $3.82. Desjardins currently has a “Hold” rating and a $40.00 target price on the stock. The consensus estimate for Great-West Lifeco’s current full-year earnings is $4.15 per share. Desjardins also issued estimates for Great-West Lifeco’s Q4 2023 earnings at $0.99 EPS.

GWO has been the topic of several other reports. BMO Capital Markets upped their price objective on Great-West Lifeco from C$40.00 to C$42.00 in a research note on Thursday, August 10th. TD Securities lifted their target price on Great-West Lifeco from C$41.00 to C$42.00 and gave the stock a “hold” rating in a report on Wednesday, August 9th. Royal Bank of Canada boosted their price target on Great-West Lifeco from C$40.00 to C$44.00 and gave the company a “sector perform” rating in a report on Thursday, August 10th. Barclays boosted their price target on Great-West Lifeco from C$40.00 to C$43.00 in a research report on Thursday, August 10th. Finally, CIBC upped their target price on Great-West Lifeco from C$41.00 to C$42.00 in a research report on Thursday, August 10th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Great-West Lifeco has a consensus rating of “Hold” and an average target price of C$41.22.

Great-West Lifeco Price Performance

TSE GWO opened at C$40.57 on Monday. The stock has a 50-day simple moving average of C$39.20 and a 200 day simple moving average of C$38.96. 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$37.78 billion, a PE ratio of 16.90, a P/E/G ratio of 2.26 and a beta of 0.81. Great-West Lifeco has a twelve month low of C$29.58 and a twelve month high of C$41.28.

Great-West Lifeco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, November 30th will be given a $0.52 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $2.08 annualized dividend and a yield of 5.13%. Great-West Lifeco’s payout ratio is 86.67%.

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.