TSE:GWO

Great West Lifeco (GWO.TO)

92.34
+1.09 (1.19%)
as of Jul 15, 2026, 8:00:00 pm Market Open.
417 watching
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Investor Insights
star iconJul 15, 2026, 12:00 am

This summary was created by AI, based on 7 opinions in the last 12 months.

Great West Lifeco (GWO) has garnered positive attention from analysts, with many noting its strong technical performance and ability to hit new highs. The company is recognized for its stable earnings stemming from its insurance operations, complemented by a respectable dividend yield, which varies in analysts' reviews from 3.5% to as high as 5%. While some experts indicate it's a sturdy investment with potential for dividend growth in the high single digits, they also caution about the current high valuation as it trades above 12x PE. Comparisons with other financials like MFC suggest that GWO has a lower beta, implying that it hasn't experienced the same market volatility, making it a more stable investment. Despite some analysts suggesting a wait for better entry points or more attractive valuations, the company remains a core holding for investors seeking income with growth potential.

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Consensus
Buy
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Valuation
Overvalued
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Similar
MFC
BUY
This is his favourite insurance company. He would prefer to buy it at $24 but it doesn't have the same leverage and credit issues that Manulife (MFC-T) and Sun (SLF-T) have. It is the most likely to raise its dividend sooner. Good ROE. $28-$29 in 1 year.
HOLD
All insurance companies are exposed to the equity markets and the low interest rate environment. At 10X next year's earnings and with a nice yield, he would Hold.
TOP PICK
Has about twice the yield of Manulife (MFC-T) and Sun Life (SLF-T). Stable base gives its stability. He has traded this buying below $24-$25 and selling in the high $20's. In this range, you can accumulate this.
BUY ON WEAKNESS
If you are happy with the dividend along the way you could hold it. There are a couple of spots to buy more.
PAST TOP PICK
(A Top Pick May 28/09. Up 17.6%.) Treated this as a trading stock and was in and out. Just started nibbling again. Seems to run out of gas when it gets up to the $28-$29 area. Good yield.
HOLD
Lifecos lagged banks on the recent move. If you think the market is going to recover, this one is probably the safest of the Big 3. If earnings come as he expects over the next few quarters it should be a small increase, which could propel it towards $30. (See Top Picks.)
HOLD
(Market Call Minute) Worried about insurance companies being soft.
BUY
Likes the sector. Particular about which name, but they own it through Power Financial. You will get earnings growth and dividend growth.
BUY
Fundamentally this is a much safer stock than Manulife (MFC-T). Cdn$ is under pressure like all commodity-based currencies. If you are looking to Buy & Hold for the longer-term it's not a bad entry point. Otherwise you might consider a Canadian bank stock instead.
BUY
On lifecos, great West life (GWO-T) would be good for the conservative investor who needs more dividend and Manulife for the more aggressive investor looking for capital appreciation. These are the 2 that he would focus on. Almost 5% dividend yield.
COMMENT
Prefers to own this through Power Financial (PWF-T) because this also gives you IGM Financial (IGM-T).
PAST TOP PICK
(A Top Pick Feb 2w3/09. Up 86.6%.) Expecting a normal 8%-10% increase from this point on.
BUY
(Market Call Minute.) Good yield of 5% and safe to sit with.
SELL
Had a pretty good move and there is now better value in smaller insurance companies. Interest now seems to be shifting from the lifecos into the property and casualty. Intact Financial (IFC-T) would be an interesting switch.
BUY
Well managed and more conservative than Manulife (MFC-T) as they were not aggressive in the variable annuity market. 5.1% yield
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