Buy, Sell or Hold: Intact Financial (IFC-T) — Stock Predictions at Stockchase

TSE:IFC

205.32

7.64 (3.86%) 1d

Showing 1 to 15 of 196 entries

BUY

Allan Tong’s Discover Picks Since early February, IFC-T has been range-bound roughly $172 and $190 where it trades as of this writing. While the market continues to rise this summer, volatility won’t vanish as long as inflation rages, so look for IFC to fall below $180 before stepping in. The current rally was triggered by the company’s quarter released at the end of July where the $3.14 EPS easily beat the street’s $2.78. that EPS marked a 21.92% YOY. Also, Intact beat its prior four quarters as well. The price target for IFC stock is $214.78, and the forward PE is 19.93x, much higher than the current 13.04x, so Bay Street is confident. Read 3 Recession Proof Stocks for our full analysis.

insurance

PAST TOP PICK

(A Top Pick Jul 27/21, Up 10%) A good place to hide. P&C tends to be defensive. With the market being not great, a lot of money has piled in and growth has slowed. Still lots of catalysts. Took some wins off the table to reallocate capital. Looking to get in at lower levels.

insurance

BUY

Defensive, low beta. Sustainable, competitive advantage. Market share in Canadian P&C. Specialty line in the US that's growing. Big acquisition in UK and Ireland. Great risk takers. Have the float to invest during rising rates. Plenty of room to grow. Grows dividend each and every year. Strong balance sheet, undemanding valuation. Buy and hold for the long haul.

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HOLD

It has performed very well in Canada. Continues to make acquisitions in North America and elsewhere. It is a good (necessary) business since people need to spend money on insurance. He would keep if owned but prefers one in the same field which will be one of his top picks.

insurance

BUY

Exceptional company, great growth over the years, well managed and well structured. With the pullback, price today is reasonable as a long-term prospect.

insurance

PARTIAL SELL

It struggles to test new highs, three attempts at $190 so that's probably a stop. Go lower to find an entry point, even trimming exposure. That said, it's a steady company that one should own.

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PAST TOP PICK

(A Top Pick Mar 05/21, Up 29%) Is still buying it today. It is the best in the casualty and property insurance business. It is a dominant operator and has 23% market share. Great acquirer and great consolidator.

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DON'T BUY

Never bought it, though IFC is dominant in its space. But its ROE is weaker than the Canadian banks, which she owns instead.

insurance

BUY on WEAKNESS

Well run. He's a happy customer. A consolidator. Stock's range bound, but at high levels. Fully valued. On his list, so if it got hurt, he'd take a look. Overall, rising rates will not have a material impact on its business.

insurance

PAST TOP PICK

(A Top Pick Jan 29/21, Up 19%) Beat last quarter by 64%. Bought RSA, with an 8% accretion rate. Trading around 14.3x. Still a very good, long-term story. A lot of catastrophe losses, but they've managed that part of the business well.

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TOP PICK

Largest P&C insurer in Canada. 21% market share. Efficient operations. Consistent profitability, 5% above that of industry rivals. Consolidator. Now on the map in the UK and Ireland. Longer term, climate change and rising property values advantage them. Yield is 2%. (Analysts’ price target is $196.08)

insurance

PAST TOP PICK

(A Top Pick Nov 05/20, Up 16%) It's a major holding of his. They're an excellent insurance operator. They're a leader in digital insurance in Canada with over 400 AI experts. This drives organic growth. They invest the float conservatively, and they are good acquirers, most recently getting a toehold in the UK and Scandinavia. They are gaining market share in Canada, too. The insurance market now has "hard" conditions, meaning pricing power as premiums rise. So, there's strong earnings growth.

insurance

TOP PICK

A steady eddy. They just did an acquisition of RSA which expand their leadership in Canada, and gives them a presence in the UK and Ireland. Tailwinds come from their high-quality investment porfolio. They enjoy good pricing in various divisions as we leave Covid behind. He see EPS growth. Trades at 16.3x future PE. (Analysts’ price target is $189.64)

insurance

BUY on WEAKNESS

Great stock over the years, acquiring and consolidating. Great business, well managed. Tremendous pricing power in the industry. Richly valued. Good one to own long term, quality company. Try to buy it on the rare dips, when there's a market correction.

insurance

PAST TOP PICK

(A Top Pick Jun 11/20, Up 29%) Capable acquirers. Recent acquisitions are expected to be accretive. Good environment for P&C insurers. By far, best in breed in Canada, maybe in NA.

insurance

Showing 1 to 15 of 196 entries

Intact Financial(IFC-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 8

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 11

Stockchase rating for Intact Financial is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

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, 11 stock analysts published opinions about IFC-T. 8 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . 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 on . 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?

11 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 2022-10-04, Intact Financial (IFC-T) stock closed at a price of $205.32.

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