Updating Telus Corp., Fortis Inc., and Great-West Lifeco Inc.

TELUS CORP. $40 (Toronto symbol T; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 615.5 million; Market cap: $24.6 billion; Price-to-sales ratio: 2.1; Dividend yield: 3.8%; TSINetwork Rating: Above Average; www.telus.com) continues to expand its health care division, which helps doctors, pharmacies and hospitals… Read More

GREAT-WEST LIFECO INC. $32 – Toronto symbol GWO

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GREAT-WEST LIFECO INC. $32 (Toronto symbol GWO; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 998.9 million; Market cap: $32.0 billion; Price-to-sales ratio: 1.1; Dividend Yield: 3.8%; TSINetwork Rating: Above Average; www.greatwestlifeco.com) is Canada’s secondlargest insurance company after Manulife Financial (Toronto symbol MFC). It… Read More

Profit from retiring baby boomers

Great-West Lifeco and IGM are both in a strong position to profit as baby boomers sign up for retirement planning services and buy supplemental accident and disability insurance. Both companies also trade at low multiples to their earnings and will probably raise their dividends in… Read More

GREAT-WEST LIFECO $30.65 – Toronto symbol GWO

GREAT-WEST LIFECO $30.65 (Toronto symbol GWO; Shares outstanding: 999.0 million; Market cap: $30.6 billion; TSINetwork Rating: Above Average; Yield: 4.0%; www.greatwestlifeco.com) is Canada’s largest insurance company. It also offers mutual funds and wealth management.

In the quarter ended March 31, 2014, earnings per share rose 9.3%,… Read More

High yield at a bargain

GREAT-WEST LIFECO $30.65 (Toronto symbol GWO; Shares outstanding: 999.0 million; Market cap: $30.6 billion; TSINetwork Rating: Above Average; Yield: 4.0%; www.greatwestlifeco.com) is Canada’s largest insurance company. It also offers mutual funds and wealth management.

In the quarter ended March 31, 2014, earnings per share rose 9.3%,… Read More

Hi Pat: Can you let me know what you think of Chubb Corp.?

Chubb Corp., $92.70, symbol CB on New York (Shares outstanding: 244.5 million; Market cap: $22.7 billion; www.chubb.com), sells insurance to individuals and businesses through 8,500 independent agents and brokers in the U.S., Canada, Europe, Australia, parts of Latin America and Asia. In 2013, the U.S…. Read More

GREAT-WEST LIFECO INC. $30 – Toronto symbol GWO

GREAT-WEST LIFECO INC. $30 (Toronto symbol GWO; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 999.2 million; Market cap: $30.0 billion; Price-to-sales ratio: 1.2; Dividend Yield: 4.1%; TSINetwork Rating: Above Average; www.greatwestlifeco.com) is one of Canada’s largest insurance companies, with $758.3 billion of assets… Read More

Going beyond the banks for high-yielding financial stocks

In our flagship Canadian advisory, The Successful Investor, we recommend that when you select investments in the financial sector, you start by looking at Canada’s big-five banks.

But we also recommend diversifying your holdings with non-bank finance stocks. Two weeks ago, we covered one such stock… Read More

These two will ride markets higher

We feel that the current global stock market rally could continue for some time, particularly as the U.S. economy picks up steam. That’s good news for insurance companies like Great-West, which must hold a broad portfolio of securities to cover potential claims. At the same… Read More

GREAT-WEST LIFECO $30.32 – Toronto symbol GWO

GREAT-WEST LIFECO $30.32 (Toronto symbol GWO; Shares outstanding: 999.3 million; Market cap: $30.5 billion; TSINetwork Rating: Above Average; Yield: 4.1%; www.greatwestlifeco.com) acquired the London Life insurance company in 1997.

In response, former London Life policyholders launched a class-action lawsuit accusing Great- West of using $220 million… Read More