Topic: Blue Chip Stocks

GREAT-WEST LIFECO INC. $33

GREAT-WEST LIFECO INC. $33 (Toronto symbol GWO; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 992.9 million; Market cap: $32.8 billion; Priceto- sales ratio: 1.0; Dividend Yield: 4.2%; TSINetwork Rating: Above Average; www.greatwestlifeco.com) sells insurance, mutual funds and wealth management services. The company gets 20% of its earnings from its U.K. operations. However, these are well-established, profitable businesses.

Great-West should earn $2.79 a share in 2016, and the stock trades at just 11.8 times that estimate. The $1.38 dividend yields 4.2%.

Great-West Lifeco is a buy.

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