Demographic trends bode well for these insurers

These two insurers have a bright future, particularly as population growth will drive demand for new policies and retirement planning services. For now, we prefer Sun Life as Great-West’s recent acquisitions add to its risk.
GREAT-WEST LIFECO INC. $46 is a hold. The company (Toronto symbol GWO; Conservative… Read More

Enjoy 5.9% from IGM Financial

Enjoy 5.9% from IGM Financial

Strong asset growth of 9.7% year-over-year is the key driver of this firm’s rising fee income and revenue growth. It continues to make strategic investments to expand its global footprint and tap into high-growth markets outside Canada.

 That should fuel an expected 11% earnings increase for… Read More

Updating your Conservative-Growth Payers: Power Corp. of Canada

POWER CORP. OF CANADA $39 is a buy. The conglomerate (Toronto symbol POW; Conservative-Growth Dividend Payer Portfolio, Finance sector; Shares outstanding: 649.2 million; Market cap: $25.3 billion; Dividend yield: 5.8%; Dividend Sustainability Rating: Above Average; www.powercorporation.com) holds controlling stakes in Canadian financial services firms Great-West Lifeco (insurance) and IGM… Read More

Our updates will keep you on track

GREAT-WEST LIFECO, $39.95 (Toronto symbol GWO; shares outstanding: 932.4 million; Market cap: $37.3 billion; TSINetwork Rating: Above Average; Dividend yield: 5.6%; www.greatwestlifeco.com) is Canada’s second-largest life insurer, after Manulife Financial. It also offers pension and wealth management services. Power Corp. (Toronto symbol POW) owns 68.2% of the… Read More

Pure-play shift will benefit these two

These two subsidiaries of Power Corp. are re-focusing on their main businesses. That should appeal to investors, who tend to prefer pure-play companies. Even so, we feel IGM is the better buy right now.
GREAT-WEST LIFECO INC. $39 is a hold. The company (Toronto symbol GWO; Conservative Growth… Read More