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

BANK OF MONTREAL $75 – Toronto symbol BMO

BANK OF MONTREAL $75 (Toronto symbol BMO; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 644.3 million; Market cap: $48.3 billion; Price-to-sales ratio: 2.9; Dividend yield: 4.4%; TSINetwork Rating: Above Average; www.bmo.com) is selling its U.S. retirement-services division to OneAmerica Financial Partners for… Read More

Updating IGM Financial Inc., Bank of Montreal and Loblaw Companies Ltd.

IGM FINANCIAL INC. $40 (Toronto symbol IGM; Conservative Growth Portfolio, Finance sector; Shares outstanding: 248.5 million; Market cap: $9.9 billion; Price-to-sales ratio: 3.4; Dividend yield: 5.6%; TSINetwork Rating: Above Average; www.igmfinancial.com) had $136.0 billion of assets under management as of June 30, 2015. That’s down… Read More

GREAT-WEST LIFECO $32.20 – Toronto symbol GWO

GREAT-WEST LIFECO $32.20 (Toronto symbol GWO; Shares outstanding: 999.5 million; Market cap: $32.7 billion; TSINetwork Rating: Above Average; Yield: 3.8%; www.greatwestlifeco.com) is Canada’s largest insurance company. It also offers mutual funds and wealth management. Power Financial owns 68.1% of Great-West.

Excluding costs to integrate Irish Life,… Read More

Irish acquisition spurs Great-West

Great-West completed its $1.75-billion purchase of Irish Life Group, Ireland’s largest pension manager and life insurance provider, in July 2013. Great-West has a long history of operating in Ireland, which cuts this deal’s risk. Moreover, Irish Life is immediately adding to Great-West’s earnings. GREAT-WEST LIFECO… Read More

GREAT-WEST LIFECO $30.31 – Toronto symbol GWO

GREAT-WEST LIFECO $30.31 (Toronto symbol GWO; Shares outstanding: 951.5 million; Market cap: $29.0 billion; TSINetwork Rating: Above Average; Yield: 4.1%; www.greatwestlifeco.com) is Canada’s largest insurance company. It also offers mutual funds, retirement planning and wealth management. Power Financial owns 68.2% of Great-West.

In the quarter ended… Read More