Opinions Paul Harris, CFA
Industrial-Alliance Life InsIAG.TOBUY ON WEAKNESSDec 30, 2016
Stock 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.
Doesn’t own any of the insurance companies. They’ve done well in the last little while because of what has happened with interest rates. If we continue to see this kind of interest rate environment, they will continue to do well. You probably want to wait for a pullback before buying.