Industrial-Alliance Life InsIAG.TOTOP PICKJan 16, 2017Stock price when the opinion was issued
As of Jul 07, 2026. Market Open.
They 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)
He believes we are in a rising interest rate environment and you want to own financials in this environment. It qualifies in valuation, price momentum and volatility. He likes MFC-T and it did well as a Top Pick. He likes all three.