TSE:IFC
141.59
0.49
(0.35%)
Intact Insurance is the largest provider of property and casualty insurance in Canada with close to $8.0 billion in annual premiums.
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Intact Financial
IFC-T
Analysis and Opinions about IFC-T
Signal
Opinion
Expert
BUY
BUY
August 4, 2020
A major insurer. Their biggest expense is going down hard--auto claims. With people under lockdown, people aren't driving much, so the quantity of auto claims is lower than ever based on Q2 results. This boasts their underwriting profit and will be a tailwind for a long while. They're also generating investing income, which may be pressured with interest rates low. IFC is a great company and marketer. A fine consolidator in a fragmented industry. A solid, long-term hold and a buy.
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A major insurer. Their biggest expense is going down hard--auto claims. With people under lockdown, people aren't driving much, so the quantity of auto claims is lower than ever based on Q2 results. This boasts their underwriting profit and will be a tailwind for a long while. They're also generating investing income, which may be pressured with interest rates low. IFC is a great company and marketer. A fine consolidator in a fragmented industry. A solid, long-term hold and a buy.
BUY WEAKNESS
BUY WEAKNESS
June 22, 2020
An outstandingly well managed company. It has run up and the valuation is on the premium side. The insurance they are in is doing well so you might want to wait for softening on the market or a one time event like forest fires. Long term you will do okay.
Show full opinionHide full opinionAn outstandingly well managed company. It has run up and the valuation is on the premium side. The insurance they are in is doing well so you might want to wait for softening on the market or a one time event like forest fires. Long term you will do okay.
PAST TOP PICK
PAST TOP PICK
June 12, 2020
(A Top Pick Jun 18/19, Up 9%) Very resilient and he is still modelling 20% earnings growth. It trades at 19 times PE -- a good ratio to growth. He thinks there is still $60 per share of M&A activity that has not been factored into the stock price. You want to buy it around $130.
Show full opinionHide full opinion(A Top Pick Jun 18/19, Up 9%) Very resilient and he is still modelling 20% earnings growth. It trades at 19 times PE -- a good ratio to growth. He thinks there is still $60 per share of M&A activity that has not been factored into the stock price. You want to buy it around $130.
TOP PICK
TOP PICK
June 12, 2020
Q1 earnings were beat and they maintained full year guidance. He feels this reflects on the quality of the company and its resilience. He is modelling 20% earnings growth against a 19 times PE ratio -- excellent value. Yield 2.53% (Analysts’ price target is $154.50)
Show full opinionHide full opinionQ1 earnings were beat and they maintained full year guidance. He feels this reflects on the quality of the company and its resilience. He is modelling 20% earnings growth against a 19 times PE ratio -- excellent value. Yield 2.53% (Analysts’ price target is $154.50)
TOP PICK
TOP PICK
June 11, 2020
They have strong businesses in each insurance line. Insurance is a necessity. They have a 17% market share. They have consistent underwriting profitability. There are more consolidation opportunities in front of them. (Analysts’ price target is $154.50)
Show full opinionHide full opinionThey have strong businesses in each insurance line. Insurance is a necessity. They have a 17% market share. They have consistent underwriting profitability. There are more consolidation opportunities in front of them. (Analysts’ price target is $154.50)
PAST TOP PICK
PAST TOP PICK
May 1, 2020
(A Top Pick May 08/19, Up 20%) He continues to own it. It is Canada's largest property and casualty insurer. They saw a hardening of the insurance market last summer, which was leading to a stronger position to charge higher premiums. This was a reversal from trends over the past several years. Regulators were more willing to allow the increases or face a loss in capacity. They will have some headwinds as premiums they will invest into bonds and other fixed income will be lower. Also, they will benefit in their auto policies not having as many claims. They have reached out to offer 15% discounts to customers as accidents are down 75% in the GTA area. Excellent business for now and the long term.
Show full opinionHide full opinion(A Top Pick May 08/19, Up 20%) He continues to own it. It is Canada's largest property and casualty insurer. They saw a hardening of the insurance market last summer, which was leading to a stronger position to charge higher premiums. This was a reversal from trends over the past several years. Regulators were more willing to allow the increases or face a loss in capacity. They will have some headwinds as premiums they will invest into bonds and other fixed income will be lower. Also, they will benefit in their auto policies not having as many claims. They have reached out to offer 15% discounts to customers as accidents are down 75% in the GTA area. Excellent business for now and the long term.
TOP PICK
TOP PICK
March 11, 2020
Looking out one year, what's an ironclad business that's going to be growth but defensive. Still modeling about 25% EPS growth. Makes sense on a price to growth. Recession resilient. Yield is 2.52%. (Analysts’ price target is $159.38)
Show full opinionHide full opinionLooking out one year, what's an ironclad business that's going to be growth but defensive. Still modeling about 25% EPS growth. Makes sense on a price to growth. Recession resilient. Yield is 2.52%. (Analysts’ price target is $159.38)
PAST TOP PICK
PAST TOP PICK
March 4, 2020
(A Top Pick Sep 27/19, Up 18%) Canada's biggest P&C insurer, IFC continues to snap up busineses. Most insurers lose money on underwriting, but the CEO has done a great job in making money underwriting as well as acquiring other companies.
Show full opinionHide full opinion(A Top Pick Sep 27/19, Up 18%) Canada's biggest P&C insurer, IFC continues to snap up busineses. Most insurers lose money on underwriting, but the CEO has done a great job in making money underwriting as well as acquiring other companies.
DON'T BUY
DON'T BUY
February 28, 2020
He does not own this one. It has been on a great run. The outlook for long term interest rates makes the life insurance business more challenging. He sees better opportunities out there.
Show full opinionHide full opinionHe does not own this one. It has been on a great run. The outlook for long term interest rates makes the life insurance business more challenging. He sees better opportunities out there.
PAST TOP PICK
PAST TOP PICK
November 1, 2019
(A Top Pick Oct 26/18, Up 37%) It was defensive at the time. Markets were falling. Even at these levels, it's trading at 15x and growing at 15%. On a price to growth basis, still a good opportunity in a fragmented market.
Show full opinionHide full opinion(A Top Pick Oct 26/18, Up 37%) It was defensive at the time. Markets were falling. Even at these levels, it's trading at 15x and growing at 15%. On a price to growth basis, still a good opportunity in a fragmented market.
TOP PICK
TOP PICK
September 27, 2019
It's more than doubled over the last five years. They consistently make money underwriting insurance, which is very rare. They've outperformed the industry by 6%. They bought a guarantee that will lead to appreciation. Has a 2.5% yield.
Show full opinionHide full opinionIt's more than doubled over the last five years. They consistently make money underwriting insurance, which is very rare. They've outperformed the industry by 6%. They bought a guarantee that will lead to appreciation. Has a 2.5% yield.
TOP PICK
TOP PICK
July 18, 2019
Not economically sensitive. Trading at the top of the range, but growth is the same, so the PEG ratio is 1. Good product, and they can grow via acquisitions. Yield is 2.42%. (Analysts’ price target is $123.92)
Show full opinionHide full opinionNot economically sensitive. Trading at the top of the range, but growth is the same, so the PEG ratio is 1. Good product, and they can grow via acquisitions. Yield is 2.42%. (Analysts’ price target is $123.92)
BUY
BUY
July 11, 2019
It's a growth story with a lower payout ratio than the larger life insurance companies. It's different from the lifecos, because they are the biggest Canadian property and casualty insurer. They've enjoyed significant capital appreciation. Their costs are lower than their peers and they have a strong balance sheet, allowing them to make acquisitions. They recently bought an American company. An excellent CEO. This will continue to grow.
Show full opinionHide full opinionIt's a growth story with a lower payout ratio than the larger life insurance companies. It's different from the lifecos, because they are the biggest Canadian property and casualty insurer. They've enjoyed significant capital appreciation. Their costs are lower than their peers and they have a strong balance sheet, allowing them to make acquisitions. They recently bought an American company. An excellent CEO. This will continue to grow.
PAST TOP PICK
PAST TOP PICK
June 19, 2019
(A Top Pick Jun 21/18, Up 33%) Weather made their Q1 soft, but pricing is a tailwind across all business lines. He sees 14% EPS growth, and still trades around 15x. Lots os upside organically and by acquisition in a fragmented space.
Show full opinionHide full opinion(A Top Pick Jun 21/18, Up 33%) Weather made their Q1 soft, but pricing is a tailwind across all business lines. He sees 14% EPS growth, and still trades around 15x. Lots os upside organically and by acquisition in a fragmented space.
BUY WEAKNESS
BUY WEAKNESS
June 18, 2019
The long term chart shows it is trading near the upper end of the trend channel. He added IFC-T during the consolidation back in March. The latest move has been a good return, but he expects to see consolidation. He would buy on weakness near $120.
Show full opinionHide full opinionThe long term chart shows it is trading near the upper end of the trend channel. He added IFC-T during the consolidation back in March. The latest move has been a good return, but he expects to see consolidation. He would buy on weakness near $120.
Intact Financial(IFC-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 6
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 7
Intact Financial(IFC-T) Frequently Asked Questions
What is Intact Financial stock symbol?
Intact Financial is a Canadian stock, trading under the symbol IFC-T on the Toronto Stock Exchange (IFC-CT). It is usually referred to as TSX:IFC or IFC-T
Is Intact Financial a buy or a sell?
In the last year, 7 stock analysts published opinions about IFC-T. 6 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is BUY. Read the latest stock experts' ratings for Intact Financial.
Is Intact Financial a good investment or a top pick?
Intact Financial was recommended as a Top Pick by Brian Madden on 2020-08-04. Read the latest stock experts ratings for Intact Financial.
Why is Intact Financial stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Intact Financial worth watching?
7 stock analysts on Stockchase covered Intact Financial In the last year. It is a trending stock that is worth watching.
What is Intact Financial stock price?
On 2020-09-21, Intact Financial (IFC-T) stock closed at a price of $141.59.
