Power Corporation of Canada

POW

CA7392391016

Life & Health Insurance

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-04-26 pm EDT			5-day change	1st Jan Change
36.4 ^CAD	-0.66%		-1.19%	-3.93%

Apr. 05	Power Corporation Receives a Shareholder Proposals from The Mouvement d?éducation et de défense des actionnaires	CI
Apr. 05	Power Corporation Receives a Shareholder Proposals from The Salal Foundation	CI

Tranche Update on Power Corporation of Canada's Equity Buyback Plan announced on February 27, 2023.

March 19, 2024

From January 1, 2024 to February 29, 2024, the company has repurchased 2,400,000 shares, representing 0.37% for CAD 94 million. With this, the company has completed the repurchase of 18,500,000 shares, representing 2.8% for CAD 677 million under the buyback announced on February 27, 2023.

Latest news about Power Corporation of Canada

Power Corporation Receives a Shareholder Proposals from The Mouvement d?éducation et de défense des actionnaires	Apr. 05	CI
Power Corporation Receives a Shareholder Proposals from The Salal Foundation	Apr. 05	CI
Power Corp of Canada Downgraded to Hold at TD	Mar. 22	MT
National Bank Raises Power Corp Target to $41, Maintains Sector Perform, After Q4	Mar. 21	MT
Transcript : Power Corporation of Canada, Q4 2023 Earnings Call, Mar 21, 2024	Mar. 21
TSX futures rise on commodities boost	Mar. 21	RE
Power Corporation of Canada Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 20	CI
Power Corporation Brief: Q4 Adjusted net earnings from continuing operations $579 million or $0.89 per share, compared with $395 million or $0.59 per share in the fourth quarter of 2022	Mar. 20	MT
Power Corporation Brief: Declaring Dividend Increase of 7.1%	Mar. 20	MT
Tranche Update on Power Corporation of Canada's Equity Buyback Plan announced on February 27, 2023.	Mar. 19	CI
Tranche Update on Power Corporation of Canada's Equity Buyback Plan announced on February 27, 2023.	Mar. 19	CI
Great-West Lifeco Announcing Automatic Share Purchase Plan	Mar. 04	MT
Great-West Lifeco Brief: Announcing Automatic Share Purchase Plan	Mar. 04	MT
Power Corporation of Canada's Equity Buyback announced on February 27, 2023, has expired with 18,500,000 shares, representing 2.8% for CAD 677 million.	Feb. 28	CI
Power Corporation Details Normal Course Issuer Bid	Feb. 28	MT
Power Corporation Brief: Detailing Normal Course Issuer Bid	Feb. 28	MT
Power Corporation of Canada announces an Equity Buyback for 25,000,000 shares, representing 4.2% of its issued share capital.	Feb. 28	CI
Power Corporation of Canada authorizes a Buyback Plan.	Feb. 27	CI
IGM Financial Brief: Adjusted net earnings, excluding a gain on sale of IPC of $220.7 million, were $198.9 million or $0.84 per share for Q4 2023	Feb. 15	MT
Great-West Lifeco Brief: Q4 Base earnings of $971 million, or $1.04 per share, up 9% from Q4 2022; Announcing 7% dividend increase	Feb. 14	MT
Jake Lawrence Steps Down as Scotiabank CEO, Group Head of Global Banking, Markets to Join Power Corp. of Canada as CFO	Feb. 14	MT
Power Corp. of Canada Appoints Jake Lawrence as Chief Financial Officer	Feb. 14	DJ
Scotiabank Brief: Paul Scurfield and Michael Kruse take on expanded roles	Feb. 14	MT
Scotiabank Brief: Says Jake Lawrence, Chief Executive Officer and Group Head, Global Banking and Markets, has made the decision to leave the Bank to join Power Corporation of Canada	Feb. 14	MT
Power Corporation Brief: Appointing Jake Lawrence as Executive Vice-President and Chief Financial Officer, effective March 18, 2024	Feb. 14	MT

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Company Profile

Power Corporation of Canada is a Canada-based international management and holding company. The Company is focused on providing financial services in North America, Europe, and Asia. Its core holdings include insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms. The Company operates through three segments: Lifeco, IGM Financial and GBL. Lifeco is a financial service holding company with interests in life insurance, health insurance, retirement and investment management services, asset management and reinsurance businesses primarily in Canada, the United States and Europe. IGM Financial is a wealth and asset management company supporting financial advisors and the clients they serve in Canada, and institutional investors through North America, Europe, and Asia. GBL is a Belgian holding company, which is focused on long-term and sustainable value creation.

Sector

Life & Health Insurance

Calendar

2024-05-07 - Q1 2024 Earnings Release

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Ratings for Power Corporation of Canada

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

36.4 CAD

Average target price

42.28 CAD

Spread / Average Target

+16.15%

Consensus

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Sector Other Life & Health Insurance

	1st Jan change	Capi.
POWER CORPORATION OF CANADA	-3.93%	17.46B
AXA	+14.78%	79.51B
METLIFE, INC.	+6.49%	50.92B
AFLAC INCORPORATED	+1.35%	48.11B
PRUDENTIAL FINANCIAL, INC.	+6.55%	39.71B
GENERALI	+19.34%	37.78B
SUN LIFE FINANCIAL INC.	+2.84%	30.07B
GREAT-WEST LIFECO INC.	-7.77%	27.56B
PRUDENTIAL PLC	-18.42%	24.71B
CATHAY FINANCIAL HOLDING CO., LTD.	+6.89%	21.99B

Other Life & Health Insurance

Power Corporation of Canada

Equities

POW

CA7392391016

Life & Health Insurance

Tranche Update on Power Corporation of Canada's Equity Buyback Plan announced on February 27, 2023.

EPS Revisions