Power Corporation of Canada (T:POW)
Business Focus: Life & Health Insurance (NEC)
Mixed as of November 01, 2023
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Insider Filings
Latest 10 SEDI filings for POW within the last 6 months
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Company News
Nov 29, 2023 06:00 ET
Power Sustainable announces final Vintage II closing of $800M for Power Sustainable Energy Infrastructure partnership
MONTREAL, Nov. 29, 2023 /CNW/ -- Power Sustainable, an alternative asset manager, today announced a CAD $200 million commitment for the Power Sustainable Energy Infrastructure partnership (the "Fund"), for a final close of CAD $800 million for Vintage II. This brings the total capital commitment to the Fund to $1.8 billion.
Nov 29, 2023 06:00 ET
Power Sustainable announces final Vintage II closing of $800M for Power Sustainable Energy Infrastructure partnership
MONTREAL, Nov. 29, 2023 /PRNewswire/ -- Power Sustainable, an alternative asset manager, today announced a CAD $200 million commitment for the Power Sustainable Energy Infrastructure partnership (the "Fund"), for a final close of CAD $800 million for Vintage II. This brings the total capital commitment to the Fund to $1.8 billion.
Valuation Ratios
Industry
Sector
Beta
1.11
--
--
Price to Sales - TTM
0.66
1.19
4.12
Price to Book - most recent quarter
1.16
1.27
1.31
Price to Cash Flow per share - TTM
--
10.56
8.91
Price to Free Cash Flow per share - TTM
--
16.12
15.70
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Nov 15, 2023 | 14,168,145 | 681,937 |
| Oct 31, 2023 | 13,486,208 | 1,481,467 |
| Oct 15, 2023 | 12,004,741 | -24,298 |
Business Summary
| Sector: Financials | Industry: Life & Health Insurance |
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's reportable segments include 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.
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