Opinions Michael Simpson, CFA
Industrial-Alliance Life InsIAG.TOTOP PICKMar 28, 2018
Michael Simpson, CFAStock price when the opinion was issued
As of Jun 10, 2026. Market Open.
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Jason MannMichael 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.
This is the fourth largest insurer. He thinks they have more than enough adequate capital to pass the required stress tests. It trades at 10 times earnings and has a good platform in life, health and employee insurance. Well-run company out of Quebec City. Yield 2.9%. (Analysts’ price target is $65.11 )