Opinions Kash Pashootan
Industrial-Alliance Life InsIAG.TODON'T BUYJan 16, 2015
Kash PashootanStock price when the opinion was issued
As of Jun 10, 2026. Market Open.
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Jason Mann
Michael Simpson, CFA
An unknown insurance company. Undervalued. Has a well positioned distribution network. Trades at a discount to its peers. Gives you insurance exposure in the financial services asset class. Still a growth story. Yield is 3.1% (Analysts' price target is $63.67.)
Prakash HariharanThey focus more on personal insurance, but have been consolidating personal investment advisors with the largest network of advisors in Canada now. It trades at 9 times earnings and they are growing the dividend. It is cheaper than a Sunlife or Manulife. Yield 2.9%. (Analysts’ price target is $63.22)
Michael Simpson, CFAThe fact that interest rates have been very low had affected the insurance industry. Not an expensive stock. Trading at 9.5 times earnings. Headwinds against these businesses is where interest rates go. He would look at other players in the industry with much more diversified businesses and better chances of growing.
Similar to Manulife (MFC-T) or Sun Life (SLF-T) but much smaller. This is a space where you would benefit from buying the larger, higher-quality names at this time. You could buy this one in the later stages of recovery once the other 2 have started to become more expensive. Valuation is still quite cheap on the big names, and that is where he would start.