Weak markets offset acquisition

GREAT-WEST LIFECO INC. $33 is a hold. Canada’s second-largest life insurer (Toronto symbol GWO; Conservative Growth Payer Portfolio, Finance sector; shares outstanding: 931.8 million; Market cap: $30.7 billion; Dividend yield: 5.9%; Dividend Sustainability Rating: Above Average; www.greatwestlifeco.com) last raised its quarterly dividend with the December 2021 payment. Investors now… Read More

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

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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