Opinions Javed Mirza
iA Financial GroupIAG.TOTOP PICKMay 10, 2023
$82.63
Stock price when the opinion was issued
$187.25
As of Jun 23, 2026. Market Open.
Financial Services
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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 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
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
insurance
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
Insurance is holding up financials and doing well across the board. Recently made new highs, very bullish. Chart moving up and to the right. On sale today, down 7.68%. Coming back to major support. Strong dividend, with a yield of 3.48%.
(Analysts’ price target is $99.67)