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TSE:GWO

Great West Lifeco (GWO.TO)

89.16
+0.42 (0.47%)
as of Aug 24, 2026, 8:00:01 pm Market Open.
420 watching
0
Investor Insights
star iconAug 24, 2026, 12:00 am

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

Great West Lifeco (GWO) is viewed as a solid company with stable earnings and a reliable dividend history, although its recent valuation is considered rich by some analysts. Multiple reviews suggest that the insurance sector, including GWO, has seen stock prices rise significantly, leading to concerns about current buying opportunities. While some experts recommend waiting for a better entry point due to high valuations, others highlight GWO's steady growth profile and the potential for higher dividends in the future. Comparisons with other financial companies, particularly MFC, indicate that while GWO has quality assets and lower volatility, there may be more attractive options currently available in the market. Overall, the stock is appreciated for its stability and income-generating potential, but caution is advised regarding its current valuation relative to growth prospects.

consensus icon
Consensus
Hold
valuation icon
Valuation
Overvalued
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Similar
MFC
BUY
Well managed and more conservative than Manulife (MFC-T) as they were not aggressive in the variable annuity market. 5.1% yield
BUY
Lifecos are down basically because the market is down because of credit and stock market concerns. If you have any kind of time horizon you can't go wrong.
HOLD
(Market Call Minute) Prefers MFC
BUY
(Market Call Minute.) Great long-term purchase. His preference is a shift from banks to insurance at this point.
COMMENT
Manulife (MFC-T) versus Great West (GWO-T)? Manulife is much more equity market sensitive as it has a higher portfolio of guaranteed variable annuities. Great West has much less exposure and their guarantee is not as aggressive. Manulife’s new management team has decided to de-risk the business and build up capital, which is one of the reasons they cut the dividend.
TOP PICK
5.995% bond maturing Dec 31/12. Likes insurance companies more than they did a while ago. With the stabilization of the equity markets (?) right now insurance companies are a lot better investment than they were. Very cheap.
PAST TOP PICK
(A Top Pick Aug 18/08. Down 10.93%.) Has held up better than the other insurance companies by far. Still a good Hold.
TOP PICK
Other less exposed to the equity market than other Lifecos. If there were going to be a write-down it would probably be about $.50 on their UK exposure. Great dividend track record. 4% yield. Low multiple.
BUY
His favourite Canadian life insurance company. Have managed through the cycle better than their peers. Avoided the equity related segregated fund business. Trading around 9X forward earnings, which is very attractive. He owns it through Power Corp. (POW-T).
SELL
This is part of the financials. Be thankful for your gains and put your money elsewhere. This is a traders market.
COMMENT
Owns this indirectly through his holdings of Power Financial (PWF-T). Prefers over Manulife (MFC-T).
TOP PICK
He is underweight financials but does own Royal (RY-T), Scotia (BNS-T) and this one. Has a lot of health and dental, which is a “steady-Eddie” kind of business. 5.5% yield. Because of the government’s treatment of income trusts people are yield deprived.
WAIT
Just took a large write-down on their Putnam acquisition done in 07. Well capitalized and in good position. Strong operations in North America. Has quite a bit of exposure to the UK tier 1, tier 2 capitals that are vulnerable if banks are nationalized. Wait and see how this is resolved.
DON'T BUY
He is personally buying their preferred shares, not the commons. Could see the common pull back to $14.50 quite easily. If it recovers, first resistant point will be $18.75 and if it could break through the $20 level, $21 would be another serious resistance point. Underlying concerns in the financials have to be relieved first.
TOP PICK
Financials have got hit so much that they are down at the bottom. This one has the best capital and balance sheet of all the Canadian financials and probably the least market exposed. Oversold and should have a good bounce back.
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