Rising rates add risk for GWO

GREAT-WEST LIFECO INC. $37 is a hold. The insurer (Toronto symbol GWO; Conservative Growth and Income Portfolios, Finance sector; shares outstanding: 927.7 million; Market cap: $34.3 billion; Price-to-sales ratio: 0.6; Dividend yield: 4.7%; TSINetwork Rating: Above Average; www.greatwestlifeco.com) has now completed its $4.4 billion purchase… Read More

Our updates keep you on top of your stocks

GREAT-WEST LIFECO, $36.51, is still a hold. The insurer (Toronto symbol GWO; shares outstanding: 928.4 million; Market cap: $34.3 billion; TSINetwork Rating: Above Average; Dividend yield: 4.8%; www.greatwestlifeco.com) recently paid $4.4 billion for the retirement services business of Massachusetts Mutual Life Insurance Company.
Due to… Read More

GWO grows in the U.S.

GREAT-WEST LIFECO, $26.02, is still a hold. The insurer (Toronto symbol GWO; shares o/s: 926.3 million; Market cap: $24.2 billion; TSINetwork Rating: Above Average; Yield: 6.7%; www.greatwestlifeco.com), through its U.S.-based Empower Retirement business, will now buy the retirement services unit of Massachusetts Mutual Life Insurance Company. That firm… Read More

We prefer IGM for your new buying

These two firms, which are controlled by Power Corp. (see box), have a long history of paying investors steady dividends. However, we feel IGM is in a better position to prosper as low interest rates help spur demand for its mutual funds. On the other… Read More