30th May 2024

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Business Industry and Financial

Great-West Lifeco: A Diversified Financial Services Company with Strong Market Cap and Analyst Ratings

Great-West Lifeco is a finance services company with a market cap of C$35.33 billion, offering a diverse portfolio of financial and benefit plan solutions to individuals, businesses, and organizations across Canada, Europe, and the United States. The company is renowned for its life and health insurance policies, retirement savings plans, asset management programs, and reinsurance services.

According to data from Bloomberg.com as of May 13th, 2023, the Great-West Lifeco stock opened at C$37.91. It has been observed that the stock’s fifty-day simple moving average is C$36.71 and its two-hundred day simple moving average is C$34.21. The debt-to-equity ratio of Great-West Lifeco currently stands at 34.93 alongside quick ratio of 22.18 and a current ratio of 11.94.

The business has had five reports on its performance from analysts in recent months – four holding ratings while one courtesy of CIBC rates Great-West Lifeco as an “outperform” purchase with a price objective increase from C$37 to C$40 also broadcasted in late February.

On Friday May 5th CSFB raised their price objective on Great-West Lifeco by C$3 whilst TD Securities increased theirs by just C$2 on February 9th but remained on hold ratings despite this measure of optimism shown in their revisions.

Scotiabank raised their price objectives by adding C$1 more than TD securities did just one day later towards midnight on Valentine’s Day.

National Bankshares echoed TD Securities again and made revisions to their previously held standpoints as they boosted the price target for Great-West Lifeco from $35-36 after rating according to sector performance regulations in late January.

In related news,Greater Western Financials reported earnings surpassing consensus estimates with GWO posting an EPS value of $0.96 ,growing by $0.09 more than the consensus estimate of $0.87 the company had for this quarter.The income generated from this was around 14.07 billion Canadian dollars.

Great-West Lifeco has a price-to-earnings ratio of 10.99, a PEG ratio of 2.05, and a beta value of 0.81. Its lowest value across one year of trading stands at C$27.99 whilst its highest price point was reached only during April at C$39.12 before dropping down to the May opening price currently reflected here earlier in this article.

In conclusion, Great-West Lifeco remains a driving force in financial services to individuals and entities with strong financials, objective reviews reporting holding patterns from those analysts covering the company and one rating stating that investing is undoubtedly a wise decision – all indicating growth prospects continue to present themselves even as stock prices fluctuate with market conditions every day since then coming October or spring-time falls just as easily as they surge upwards amid good news pushing markets higher!

Great-West Lifeco Inc.’s Strong EPS Estimates and Quarterly Dividend Payout Announced.

Great-West Lifeco Inc. (TSE:GWO), one of the leading providers of insurance, investment and retirement products in Canada, has recently been making headlines in the financial world. On Wednesday 10th May 2023, Desjardins – a renowned financial services company – released their Q2 2023 earnings per share (EPS) estimates for Great-West Lifeco. The findings, which predicted a strong $0.95 EPS for the quarter followed by another two impressive quarters with Q3 estimated at $0.94 EPS and Q4 estimated at $0.93 EPS, have garnered a great deal of attention.

The research report further went on to estimate Great-West Lifeco’s full-year earnings, stating it to be $3.79 per share; meanwhile, FY2023 earnings are predicted at $3.70 EPS and FY2024 at $3.95 EPS respectively.

Furthermore, Great-West Lifeco decided to augment the excitement when it made an announcement regarding its quarterly dividend payout just a few days ago on 13th May 2023. As per the announcement, shareholders who will retain stocks until Wednesday, May 31st will receive an attractive quarterly dividend payment of $0.52 per share issued on Friday, June 30th representing an annualized dividend amounting to approximately $2.08 and with a yield rate of around 5.49% – quite remarkable figures!

It is worth noting that Desjardins’ study also revealed Great-West LifeCo.’s payout ratio or DPR which stood at 60.29%. The DPR indicates what portion of revenue is allocated towards paying dividends instead of growth-oriented plans.

These developments indicate once again that Great-West Lifeco’s shareholders can look forward to fruitful returns in the future and validate industry insiders’ optimism about this firm’s future trajectory given its strong performance and robust fundamentals across various areas evident from its consistently impressive earnings year after year.