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Opinions Jason Mann
Industrial-Alliance Life InsIAG.TOPAST TOP PICKAug 12, 2020
(A Top Pick Jun 26/19, Down 3%) Financials have been punished. Still holds it because of the valuation, trading below book value. Solid balance sheet. Will benefit from a reflation trade or rates moving higher. Payout ratio of only 27% with a yield of 4.1%.
Jason MannOwned
$49.39
Stock price when the opinion was issued
$189.38
As of Jun 19, 2026. Market Open.
insurance
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TOP PICK
A Quebec based financial services, insurance, financial advice and brokerage. They have been caught up in the brought sell-off in financial stocks. Interest rates being low has hurt them. However, he sees interest rates rising as the economy improves. Top 3% on valuation, 8x PE, 4x cashflow and 1x book value. It is cheap with a 3.5% yield. (Analysts’ price target is $61.25)
Jason MannOwned
insurance
PAST TOP PICK
(A Top Pick Jul 26/19, Down 10%) It sold off in sympathy to other financial stocks and has not yet fully recovered. It has good valuation and price momentum is improving. This whole group should be beneficiaries to a return to work.
Jason MannOwned
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TOP PICK
Will do well if interest rates go up. A lifeco that offers financial services. Scores in the top 25% of valuation with decent price momentum and volatility. (Analysts’ price target is $60.89)
Jason MannOwned
insurance
PAST TOP PICK
(A Top Pick Jul 25/18, Up 5%) They have been growing their wealth management business. It is cheap and well managed out of Quebec city.
Michael Simpson, CFAOwned
insurance
TOP PICK
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 HariharanOwned
insurance
TOP PICK
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)
Michael Simpson, CFAOwned
insurance
