Stocks to Watch: Great-West Lifeco Inc. (TSX:GWO) Down -3.15%

At close of market on Wednesday, Great-West Lifeco Inc. (TSX:GWO) stock finished trading at -3.15%, bringing the stock price to $30.10 on the Toronto Stock Exchange. The stock price saw a low of $30.02 and a high of $30.76.

The company’s stock was traded 4,100 times with a total of 915,201 shares traded.

Great-West Lifeco Inc. has a market cap of $27.96 billion, with 928.05 million shares in issue.

Great-West Lifeco, majority-owned by Power Financial, is one of Canada’s big three life insurance firms. Great-West primarily operates in its home market of Canada but has been expanding its operations in the U.S. and Europe through Irish Life, Putnam Investments, and now Empower Retirement. This has increased the proportion of operations in the asset and wealth management industries, which now constitute roughly 30% of earnings. Protection products, annuities, health benefits, and reinsurance make up the rest of the business.

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