Stockchase Opinions

The Panic-Proof Portfolio (Stockchase Research) Definity Financial DFY-T PAST TOP PICK Apr 09, 2024

(A Top Pick Dec 14/23, Up 19.7%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with DFY is progressing well.  To remain disciplined, we recommend trailing up the stop (from $37) to $41 at this time.  If triggered, this would result in a net investment gain of 16%, including the previous recommendation to cover half the position.

$43.460

Stock price when the opinion was issued

Financial Services
It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.

You might be interested:

BUY

Reasonable dividend. Good company with quality prospects. Q1 a slight miss, but the business is very sound. Would recommend buying weakness. Excellent value at current share price. 

HOLD

Does not owns shares. However, likes property and casualty insurance space. Canadian company with online business model that is good for reducing costs. Will take time to see if business is consolidated. If already own shares - would recommend holding. 

HOLD

P&C business. Making a ton of money. Great business, good valuation. Will probably be acquired at some point. His insurance play remains BRK.B.

PARTIAL BUY

Recent insurance losses (flooding) in Toronto will be hard on the business, but overall long term prospects are good. Climate change actually good for the business (more premiums). Likes business, but does not own shares (prefers Intact). 

premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Dec 14/23, Up 36.7%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with DFY is progressing well.  To remain disciplined, we recommend trailing up the stop (from $41) to $46 at this time.  

premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Dec 14/23, Up 50.3%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with DFY is progressing well.  To remain disciplined, we recommend trailing up the stop (from $46) to $51 at this time.  

DON'T BUY
Keep adding to a position?

Depends on what percentage it makes of your portfolio, plus what your cost base is. #1 competitor to DFY is IFC. The industry is consolidating more. DFY might have a leg up on IFC, as DFY is smaller and can buy a few more things in Canada.

Cost inflation and extreme weather give him pause in this area. Both well-run businesses, but inclined to stay away. The sector poses some risks.

premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Dec 14/23, Up 60.8%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with DFY is progressing well.  To remain disciplined, we recommend trailing up the stop (from $51) to $56 at this time.

premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Dec 14/23, Up 54.1%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with DFY has triggered its stop at $56.  To remain disciplined, we recommend covering the position at this time.  Combined with our previous guidance, this will result in a net investment gain of 37%.

TOP PICK

Predictable. Smaller P&C insurance. Pretty stable chart. ROE has an exceptionally bright future because of how well the business is run. Topline growth over 9% in recent earnings, and really good expense management. Yield is 1.21%.

(Analysts’ price target is $64.30)