Great West Lifeco

GWO-T

Analysis and Opinions about GWO-T

Signal
Opinion
Expert
BUY WEAKNESS
BUY WEAKNESS
May 8, 2017

GWO-T vs. MFC-T. MFC-T has the advantage of being a very diversified company, globally. They have done well from that diversification. He tends to prefer it to GWO-T, although he might use its weakness to buy.

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GWO-T vs. MFC-T. MFC-T has the advantage of being a very diversified company, globally. They have done well from that diversification. He tends to prefer it to GWO-T, although he might use its weakness to buy.

COMMENT
COMMENT
April 28, 2017

This has always been one of the most profitable of the large life insurers. If you think we are going into a rising interest rate environment, the insurers are the ones who can benefit greatly. He would prefer owning Power Financial (PWF-T) over this because of its diversification, but also increases in dividends.

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This has always been one of the most profitable of the large life insurers. If you think we are going into a rising interest rate environment, the insurers are the ones who can benefit greatly. He would prefer owning Power Financial (PWF-T) over this because of its diversification, but also increases in dividends.

COMMENT
COMMENT
December 13, 2016

Great West Life (GWO-T), Sun Life (SLF-T) or Manulife (MFC-T)? He has quite a bit of exposure to life insurance right now through Manulife and Sun Life, and they both look very attractive. Interest rates are likely going to work their way slowly higher over the next several years.

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Great West Lifeco (GWO-T)
December 13, 2016

Great West Life (GWO-T), Sun Life (SLF-T) or Manulife (MFC-T)? He has quite a bit of exposure to life insurance right now through Manulife and Sun Life, and they both look very attractive. Interest rates are likely going to work their way slowly higher over the next several years.

COMMENT
COMMENT
December 12, 2016

Great West Life (GWO-T), Sun Life (SLF-T) or Manulife (MFC-T)? This depends on quality and size, but if you are thinking of just keeping it very safe, Manulife and Sun Life would be the 2 he would zoom in on.

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Great West Lifeco (GWO-T)
December 12, 2016

Great West Life (GWO-T), Sun Life (SLF-T) or Manulife (MFC-T)? This depends on quality and size, but if you are thinking of just keeping it very safe, Manulife and Sun Life would be the 2 he would zoom in on.

COMMENT
COMMENT
August 16, 2016

Great West Life (GWO-T), Sun Life (SLF-T) or Manulife (MFC-T)? As a group, the insurance companies have not done very well. Of these 3, Sun Life has relatively performed the best. A lot of the difficulties they have experienced has been a function of what has happened with energy, as they all have some energy exposure. Also low interest rates are generally negative for lifecos.

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Great West Life (GWO-T), Sun Life (SLF-T) or Manulife (MFC-T)? As a group, the insurance companies have not done very well. Of these 3, Sun Life has relatively performed the best. A lot of the difficulties they have experienced has been a function of what has happened with energy, as they all have some energy exposure. Also low interest rates are generally negative for lifecos.

PAST TOP PICK
PAST TOP PICK
August 11, 2016

(Top Pick Aug 20/15, Down 4.27%) The stock has balanced the stock’s valuation losses with its income. This is a sector that needs interest rates to go up and after that there is nothing more to be said. They will soften otherwise.

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(Top Pick Aug 20/15, Down 4.27%) The stock has balanced the stock’s valuation losses with its income. This is a sector that needs interest rates to go up and after that there is nothing more to be said. They will soften otherwise.

HOLD
HOLD
August 8, 2016

A world-class insurance company with great assets, suffering from high interest rates. This is financially bulletproof and your dividend is secure.

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A world-class insurance company with great assets, suffering from high interest rates. This is financially bulletproof and your dividend is secure.

COMMENT
COMMENT
August 4, 2016

Not an expensive stock from a valuation perspective. It survived the 2008 downturn, and has done a better job than some other insurers. However, this is going to have a difficult time going much higher. 4.1% dividend yield.

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Not an expensive stock from a valuation perspective. It survived the 2008 downturn, and has done a better job than some other insurers. However, this is going to have a difficult time going much higher. 4.1% dividend yield.

COMMENT
COMMENT
July 18, 2016

Negative interest rates leaking into North America will hurt insurance companies more than anyone else. Best case scenario you are in a range. You could add at the low end of the range, but negative interest rates leaking in from Europe are a big risk.

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Negative interest rates leaking into North America will hurt insurance companies more than anyone else. Best case scenario you are in a range. You could add at the low end of the range, but negative interest rates leaking in from Europe are a big risk.

DON'T BUY
DON'T BUY
June 2, 2016

A well-managed insurance company, and has always had a relatively high ROE, but generally speaking it has been one of the lifecos where you have had to pay up for that return on equity. This is selling at 1.8X Book, compared to Manulife (MFC-T) at 1X Book and Sun Life (SLF-T) at 1.5X. He feels you are paying too much for this additional ROE.

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A well-managed insurance company, and has always had a relatively high ROE, but generally speaking it has been one of the lifecos where you have had to pay up for that return on equity. This is selling at 1.8X Book, compared to Manulife (MFC-T) at 1X Book and Sun Life (SLF-T) at 1.5X. He feels you are paying too much for this additional ROE.

HOLD
HOLD
February 18, 2016

A Fixed Perpetual Preferred. In this environment, you are probably all right with something like this. It’s an awfully good coupon. The Rate Reset has problems with being reset potentially lower. As an equity, it is kind of middle of the pack of the insurance companies in Canada. Not bad, but it struggles because of some of its assets mainly.

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Great West Lifeco (GWO-T)
February 18, 2016

A Fixed Perpetual Preferred. In this environment, you are probably all right with something like this. It’s an awfully good coupon. The Rate Reset has problems with being reset potentially lower. As an equity, it is kind of middle of the pack of the insurance companies in Canada. Not bad, but it struggles because of some of its assets mainly.

DON'T BUY
DON'T BUY
January 11, 2016

It is a strong brand. He prefers SLF-T and MFC-T, although owns neither. They take in premiums and invest them in fixed income. It is difficult for them to see a reasonable return on their cash. There are easier ways to make money in the market. He prefers Canadian Banks.

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Great West Lifeco (GWO-T)
January 11, 2016

It is a strong brand. He prefers SLF-T and MFC-T, although owns neither. They take in premiums and invest them in fixed income. It is difficult for them to see a reasonable return on their cash. There are easier ways to make money in the market. He prefers Canadian Banks.

COMMENT
COMMENT
November 24, 2015

Great West Life (GWO-T), Manulife (MFC-T) or Sun Life (SLF-T) for the best upside? That’s a tough question, because he likes all 3. Insurance companies will do well in the economy he sees going forward. Lifecos have a little bit more torque on the upside with rising interest rates. Right now Manulife would be his favourite.

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Great West Lifeco (GWO-T)
November 24, 2015

Great West Life (GWO-T), Manulife (MFC-T) or Sun Life (SLF-T) for the best upside? That’s a tough question, because he likes all 3. Insurance companies will do well in the economy he sees going forward. Lifecos have a little bit more torque on the upside with rising interest rates. Right now Manulife would be his favourite.

PAST TOP PICK
PAST TOP PICK
October 20, 2015

(A Top Pick Sept 23/14. Up 6.37%.) If interest rates go up, he expects the stock to do even better. Still likes the stock as it is cheap.

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Great West Lifeco (GWO-T)
October 20, 2015

(A Top Pick Sept 23/14. Up 6.37%.) If interest rates go up, he expects the stock to do even better. Still likes the stock as it is cheap.

DON'T BUY
DON'T BUY
October 5, 2015

They have done a great job. They are rock solid and pay a decent dividend. It is a well managed business. It is owned by a dual class share structured company. He doesn’t like this. The other lifecos in Canada also have much better global operations.

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They have done a great job. They are rock solid and pay a decent dividend. It is a well managed business. It is owned by a dual class share structured company. He doesn’t like this. The other lifecos in Canada also have much better global operations.

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