Summer Sale
50% off Premium Yearly
Opinions Brian Madden
iA Financial GroupIAG.TOBUYApr 24, 2025
Stock price when the opinion was issued
As of Jun 16, 2026. Market Open.
You might be interested:
Jason MannJason MannJason Mann
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.
No problems buying this one. Owns no lifecos; prefers specialty financials, banks, or P&C insurers. Closing the gap nicely to the big league players. ROE is good, dividend grows pretty steadily.