asset management
These two insurers remain a great choice for steady dividend income, despite the recent volatility of stock markets and the resulting hit to their asset management income.
MANULIFE FINANCIAL CORP. $22 is a buy. The company (Toronto symbol MFC; Conservative-Growth Payer Portfolio; Finance sector; Shares outstanding: 1.9 billion; Market cap: $41.8 billion; Dividend yield: 6.0%; Dividend Sustainability Rating: Above Average; www.manulife.ca) is Canada’s largest life insurer....
MANULIFE FINANCIAL CORP. $22 is a buy. The company (Toronto symbol MFC; Conservative-Growth Payer Portfolio; Finance sector; Shares outstanding: 1.9 billion; Market cap: $41.8 billion; Dividend yield: 6.0%; Dividend Sustainability Rating: Above Average; www.manulife.ca) is Canada’s largest life insurer....
As a seller of mutual funds and wealth management services, IGM’s fee income rises and falls with the value of the securities it manages. Due to the drop in stock values, IGM shares are down 20% since the start of 2022. However, the current uncertainty and rising interest rates should prompt more individuals to turn to the company’s advisors.
IGM FINANCIAL INC....
IGM FINANCIAL INC....
We’ve often pointed out that growth by acquisition is inherently riskier than internal growth since it carries an above-average chance of unpleasant surprises. That’s because a buyer of something rarely knows as much about it as the seller.
Still, some companies handle acquisitions better than others, and successfully integrating those purchases can spur strong growth and share-price gains for their investors.
AltaGas took on a lot of risk with a huge acquisition in July 2018....
Still, some companies handle acquisitions better than others, and successfully integrating those purchases can spur strong growth and share-price gains for their investors.
AltaGas took on a lot of risk with a huge acquisition in July 2018....
Companies that own and operate unique infrastructure assets have characteristics, such as stable profits and cash flows, that can make them attractive. And investors looking for exposure to these assets have several publicly listed options available, including exchange-traded funds.
Notably, indexes that track the performance of listed infrastructure companies have performed better than the broad global equity markets over the long term and also had similar or lower volatility than the markets.
What are infrastructure assets?
Infrastructure provides the physical backbone that delivers essential services to the public....
Notably, indexes that track the performance of listed infrastructure companies have performed better than the broad global equity markets over the long term and also had similar or lower volatility than the markets.
What are infrastructure assets?
Infrastructure provides the physical backbone that delivers essential services to the public....
HERCULES CAPITAL INC., $14.07, symbol HTGC on New York, is a business development company (BDC).
Hercules provides senior secured loans to high-growth venture capital-backed companies in innovative industries, including technology, life sciences, and sustainable and renewable technologies.
As well, through its wholly owned subsidiary, Hercules Adviser LLC, the company also maintains an asset management business through which it oversees investments for external parties.
Since its founding in 2003, the company reports that it has made more than $14 billion in loans to nearly 600 companies.
A highlight of the latest quarter was the IPO of Pineapple Energy LLC (symbol PEGY on Nasdaq)....
Hercules provides senior secured loans to high-growth venture capital-backed companies in innovative industries, including technology, life sciences, and sustainable and renewable technologies.
As well, through its wholly owned subsidiary, Hercules Adviser LLC, the company also maintains an asset management business through which it oversees investments for external parties.
Since its founding in 2003, the company reports that it has made more than $14 billion in loans to nearly 600 companies.
A highlight of the latest quarter was the IPO of Pineapple Energy LLC (symbol PEGY on Nasdaq)....
BROOKFIELD ASSET MANAGEMENT INC. $59 is a hold. The company (Toronto symbol BAM.A; Finance sector; Shares outstanding: 1.6 billion; Market cap: $94.4 billion; Dividend yield: 1.2%; Takeover Target Rating: Lowest; www.brookfield.com) is an asset manager that controls firms in the real estate, renewable power, infrastructure and private equity industries.
The company plans to spin off its asset management business into a separate, publicly listed company....
The company plans to spin off its asset management business into a separate, publicly listed company....
IGM FINANCIAL INC. $41 is a buy. The mutual fund provider (Toronto symbol IGM; Conservative-Growth Payer Portfolio, Finance sector; Shares outstanding: 239.7 million; Market cap: $9.8 billion; Dividend yield: 5.5%; Dividend Sustainability Rating: Above Average; www.igmfinancial.com) last raised its quarterly dividend by 4.7% with the January 2015 payment....
The Bank of Canada recently raised its benchmark lending rate from 0.25% to 0.50%, its first increase since 2018. It has also signalled that more hikes are coming as it aims to lower Canada’s inflation rate to around 2% from the current 5.1%.
Generally, higher interest rates should help these three financial firms....
Generally, higher interest rates should help these three financial firms....
Shares of the Royal Bank of Canada—the country’s largest bank by market cap—plunged from around $109 at the start of the COVID-19 pandemic in March 2020, to a low around $72. After that, it reversed course and climbed to a recent peak near $150. That recovery owes a great deal to government pandemic supports for individuals and businesses....
POWER CORP., $41.71, is a buy. The conglomerate (Toronto symbol POW; Shares o/s: 621.8 million; Market cap: $28.2 billion; TSINetwork Rating: Above Average; Yield: 4.7%; powercorporation.com) owns 61.8% of IGM Financial (symbol IGM on Toronto)....