Great-West Lifeco (TSE:GWO) Price Target Raised to C$64.00

Great-West Lifeco (TSE:GWO) had its target price raised by Royal Bank Of Canada from C$60.00 to C$64.00 in a research report sent to investors on Friday morning,BayStreet.CA reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

GWO has been the subject of a number of other research reports. Barclays upped their price objective on shares of Great-West Lifeco from C$59.00 to C$70.00 in a research report on Friday, January 9th. Scotiabank increased their price target on Great-West Lifeco from C$68.00 to C$70.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. TD Securities lifted their price objective on Great-West Lifeco from C$70.00 to C$73.00 in a report on Wednesday, January 14th. National Bank Financial increased their target price on Great-West Lifeco from C$58.00 to C$59.00 in a research note on Thursday, November 6th. Finally, BMO Capital Markets raised their target price on shares of Great-West Lifeco from C$60.00 to C$66.00 in a report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$67.22.

Great-West Lifeco Price Performance

Shares of TSE:GWO opened at C$61.78 on Friday. The firm’s 50 day simple moving average is C$65.42 and its 200 day simple moving average is C$60.27. Great-West Lifeco has a fifty-two week low of C$49.54 and a fifty-two week high of C$68.56. The company has a market capitalization of C$56.04 billion, a price-to-earnings ratio of 14.50, a P/E/G ratio of 2.26 and a beta of 0.53.

Great-West Lifeco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were issued a $0.61 dividend. The ex-dividend date was Wednesday, December 3rd. This represents a $2.44 annualized dividend and a dividend yield of 3.9%. Great-West Lifeco’s dividend payout ratio (DPR) is presently 57.28%.

Insider Activity

In related news, Director Edmund Francis Murphy sold 94,532 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of C$64.51, for a total transaction of C$6,098,259.32. Following the completion of the transaction, the director directly owned 4,916 shares of the company’s stock, valued at approximately C$317,131.16. This represents a 95.06% decrease in their ownership of the stock. Corporate insiders own 70.70% of the company’s stock.

Key Stories Impacting Great-West Lifeco

Here are the key news stories impacting Great-West Lifeco this week:

• Positive Sentiment: Jefferies upgraded GWO from “hold” to “buy” and raised its price target to C$70 (from C$67), signaling stronger analyst conviction and a meaningful upside case for the stock. Read More.
• Positive Sentiment: Empower (GWL’s U.S. retirement/wealth business) reported record earnings of $1.1 billion, highlighting accelerating workplace and wealth results — a direct earnings and cash-flow tailwind for Great‑West Lifeco. Read More.
• Positive Sentiment: Great‑West declared preferred-share dividends for two series (5YR RATE PFD‑N: CAD 0.2556; PFD 1st Ser I: CAD 0.2812). Routine preferred dividends support income-oriented investors and signal steady capital allocation for those securities. Read More. Read More.
• Positive Sentiment: Royal Bank of Canada raised its price target to C$64 (from C$60) while keeping a “sector perform” stance — a modestly bullish tweak that reduces downside risk in some analysts’ models. Read More.
• Neutral Sentiment: Consensus analyst coverage sits around a “Moderate Buy,” reflecting broadly constructive but not unanimous analyst views — useful context for sentiment but not a catalyst by itself. Read More.
• Negative Sentiment: BMO Capital Markets trimmed its price target to C$66 from C$68 and kept a “market perform” rating, a small negative signal that slightly lowers one analyst’s upside estimate. Read More.

About Great-West Lifeco

Great-West Lifeco is one of the three big Canadian life insurance firms. With just under half of the firm’s profit and revenue in Canada, Great-West also operates in the U.S. and Europe. In Canada, Great-West provides both individual and group insurance. In the United States, Great-West operates Putnam Investments and defined-contribution recordkeeping firm Empower Retirement. In 2020, Great-West announced it would acquire Personal Capital and MassMutual’s recordkeeping business. In Europe, Great-West offers life insurance, annuities, and reinsurance primarily in the U.K., Ireland, and Germany.