149

Intact Financial (IFC-T)

ON STOCKCHASE SINCE Dec 2004

formerly ING

insurance

Intact Financial
IFC-T

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What the experts are saying about IFC-T

Signal	Opinion	Expert
PAST TOP PICK	Intact Financial(IFC-T) March 11, 2019 (A Top Pick Feb 26/18, Up 16%) Half their business is auto and costs were going up because cars got more expensive to fix. They are doing fine in auto now as the insurance industry has been able to raise their rates. insurance 0 0 0 0 0 0 comments	(A Top Pick Feb 26/18, Up 16%) Half their business is auto and costs were going up because cars got more expensive to fix. They are doing fine in auto now as the insurance industry has been able to raise their rates. insurance 0 0 0 0 0 0 comments Teal Linde Portfolio , Linde Equity Report... Price $110.350 Owned Yes

TOP PICK	Intact Financial(IFC-T) October 26, 2018 In Q2 they showed progress in personal auto profit, and their OneBeacon acqusition. Their combined ratio beat guidance. He sees EPS growth. It's very cheap at 13x earnings. It hasn't come off as much as its peers. It's a beacon of safety, a steady Eddy. This is a late-cycle business play. (2.79% dividend yield, Analysts' price target: $112.46) insurance 0 0 0 0 0 0 comments	In Q2 they showed progress in personal auto profit, and their OneBeacon acqusition. Their combined ratio beat guidance. He sees EPS growth. It's very cheap at 13x earnings. It hasn't come off as much as its peers. It's a beacon of safety, a steady Eddy. This is a late-cycle business play. (2.79% dividend yield, Analysts' price target: $112.46) insurance 0 0 0 0 0 0 comments Greg Newman Director &, Scotia Wealth Manage... Price $100.630 Owned Yes
HOLD	Intact Financial(IFC-T) September 17, 2018 Insurance companies do better in a rising interest rate environment. It is one of the better stocks in terms of price momentum and it is stable. Valuation, though, is a little high for him at 19 times earnings. They are well within their payout ratio, however. There are no balance sheet concerns, but he can find better alternatives in the space, making it a hold. See his pas picks today for a better alternative. insurance 0 0 0 0 0 0 comments	Insurance companies do better in a rising interest rate environment. It is one of the better stocks in terms of price momentum and it is stable. Valuation, though, is a little high for him at 19 times earnings. They are well within their payout ratio, however. There are no balance sheet concerns, but he can find better alternatives in the space, making it a hold. See his pas picks today for a better alternative. insurance 0 0 0 0 0 0 comments Jason Mann CIO & Co-F, Edgehill Patners... Price $106.070 Owned No
STRONG BUY	Intact Financial(IFC-T) September 13, 2018 14x earnings and has historically grown earnings at 12% compounded over the last decade. The market is hardening with price increases to feed margins. They recently acquired an American specialty operation that will be synergistic and will lead to more M&A in the U.S. Also, they outearn their peers wqith 12-14% ROE. They are serial acquirers and will continue this. Have 17% market share. Interest rates will be a further boost. Lots of runway ahead. Lots of good things happening here. insurance 0 0 0 0 0 0 comments	14x earnings and has historically grown earnings at 12% compounded over the last decade. The market is hardening with price increases to feed margins. They recently acquired an American specialty operation that will be synergistic and will lead to more M&A in the U.S. Also, they outearn their peers wqith 12-14% ROE. They are serial acquirers and will continue this. Have 17% market share. Interest rates will be a further boost. Lots of runway ahead. Lots of good things happening here. insurance 0 0 0 0 0 0 comments Brian Madden Senior VP , Goodreid Investment ... Price $105.550 Owned Yes
TOP PICK	Intact Financial(IFC-T) June 22, 2018 They missed the mark on Q1 on weaker auto and weather. They are modeling growing earnings at 20%. Trading at 11.9 times 2019. Fragmented space. (Analysts’ price target is $107.61) insurance 0 0 0 0 0 0 comments	They missed the mark on Q1 on weaker auto and weather. They are modeling growing earnings at 20%. Trading at 11.9 times 2019. Fragmented space. (Analysts’ price target is $107.61) insurance 0 0 0 0 0 0 comments Greg Newman Director &, Scotia Wealth Manage... Price $95.390 Owned Yes
WATCH	Intact Financial(IFC-T) May 30, 2018 He does not own it, but he is watching closely with the recent pullback. It is extremely well run, but operates on thin margins. He would wait until after the Ontario election, because insurance rates can be a political football. It has a good long term future. (Analysts’ price target is $108 ) insurance 0 0 0 0 0 0 comments	He does not own it, but he is watching closely with the recent pullback. It is extremely well run, but operates on thin margins. He would wait until after the Ontario election, because insurance rates can be a political football. It has a good long term future. (Analysts’ price target is $108 ) insurance 0 0 0 0 0 0 comments Michael Sprung President, Sprung Investment Ma... Price $96.920 Owned No
TOP PICK	Intact Financial(IFC-T) May 28, 2018 It has superior results to Canadian peers. The accident rate has not been lowering because of backup cameras. Profits will improve and the stock will go up. (Analysts’ target: $107.77). insurance 0 0 0 0 0 0 comments	It has superior results to Canadian peers. The accident rate has not been lowering because of backup cameras. Profits will improve and the stock will go up. (Analysts’ target: $107.77). insurance 0 0 0 0 0 0 comments Teal Linde Portfolio , Linde Equity Report... Price $97.190 Owned Yes
PAST TOP PICK	Intact Financial(IFC-T) May 3, 2018 (A Top Pick June 16/17 - Up 2.7%) Sold around ¾ of his positions. They have some personal auto weakness. Management is committed to turnaround. Good name over time. insurance 0 0 0 0 0 0 comments	(A Top Pick June 16/17 - Up 2.7%) Sold around ¾ of his positions. They have some personal auto weakness. Management is committed to turnaround. Good name over time. insurance 0 0 0 0 0 0 comments Greg Newman Director &, Scotia Wealth Manage... Price $96.350 Owned Yes
DON'T BUY	Intact Financial(IFC-T) May 2, 2018 He's surprised they've done so well, because they've missed several quarters, partly due to bad weather hurting their bottom line. IFC had great growth through acqusition years ago, but they've been disappointing lately. He'd rather buy a lifeco, not a P&C company, insurance 0 0 0 0 0 0 comments	He's surprised they've done so well, because they've missed several quarters, partly due to bad weather hurting their bottom line. IFC had great growth through acqusition years ago, but they've been disappointing lately. He'd rather buy a lifeco, not a P&C company, insurance 0 0 0 0 0 0 comments John Zechner Chairman, J. Zechner & Assoc... Price $96.080 Owned Unknown
BUY	Intact Financial(IFC-T) March 20, 2018 He prefers this to Manulife. They have been a consistent operator over time. They have gone through some softness in their quarters, especially in their auto division, but he expects them to raise rates soon to address this. insurance 0 0 0 0 0 0 comments	He prefers this to Manulife. They have been a consistent operator over time. They have gone through some softness in their quarters, especially in their auto division, but he expects them to raise rates soon to address this. insurance 0 0 0 0 0 0 comments Geoff Scott Institutio, Cambridge Global Ass... Price $97.710 Owned Unknown
TOP PICK	Intact Financial(IFC-T) February 26, 2018 Has been going up for 10 years. It is targeting 10% growth every year. It has pulled back recently but has a steady business model. (Analysts’ target: $110.35). insurance 0 0 0 0 0 0 comments	Has been going up for 10 years. It is targeting 10% growth every year. It has pulled back recently but has a steady business model. (Analysts’ target: $110.35). insurance 0 0 0 0 0 0 comments Teal Linde Portfolio , Linde Equity Report... Price $97.780 Owned Yes
COMMENT	Intact Financial(IFC-T) November 8, 2017 Switch bank stocks to this company? This is going to be a little more volatile than the banks. It has been a great, long term stock. Every time there is a natural disaster, everyone is worried about what is going to happen, and they just increase their premiums, and make more money the following year. insurance 0 0 0 0 0 0 comments	Switch bank stocks to this company? This is going to be a little more volatile than the banks. It has been a great, long term stock. Every time there is a natural disaster, everyone is worried about what is going to happen, and they just increase their premiums, and make more money the following year. insurance 0 0 0 0 0 0 comments Bruce Campbell President , Stone Castle Investm... Price $103.310 Owned Unknown
BUY	Intact Financial(IFC-T) August 25, 2017 It is in the top 16% of his database. Earnings growth is expected to be 18% this year. The fundamentals support the break out. insurance 0 0 0 0 0 0 comments	It is in the top 16% of his database. Earnings growth is expected to be 18% this year. The fundamentals support the break out. insurance 0 0 0 0 0 0 comments Robert McWhirte President, Selective Asset Mana... Price $102.460 Owned No
TOP PICK	Intact Financial(IFC-T) June 16, 2017 Just acquired OneBeacon, the leading North American specialty provider, which will give them growth opportunities in the US. It is a highly fragmented space, so there are a lot of acquisitions upside. He models 18% EPS, and it is trading below its five-year average. OneBeacon is probably not accretive, but is probably neutral for 2017 earnings, and is really accretive over 24 months. Dividend yield of 2.7%. (Analysts’ price target is $103.) insurance 0 0 0 0 0 0 comments	Just acquired OneBeacon, the leading North American specialty provider, which will give them growth opportunities in the US. It is a highly fragmented space, so there are a lot of acquisitions upside. He models 18% EPS, and it is trading below its five-year average. OneBeacon is probably not accretive, but is probably neutral for 2017 earnings, and is really accretive over 24 months. Dividend yield of 2.7%. (Analysts’ price target is $103.) insurance 0 0 0 0 0 0 comments Greg Newman Director &, Scotia Wealth Manage... Price $93.820 Owned Yes
PAST TOP PICK	Intact Financial(IFC-T) March 24, 2017 (Top Pick Mar 31/16, Up 6%) The big fires in Fort McMurray hurt them. He sees growth continuing. It is trading at a discount. It can grow by acquisition. It has its best days still ahead of it. Rising yields in the US will help lifecos for sure. P&C won’t receive that material an impact on their business. insurance 0 0 0 0 0 0 comments	(Top Pick Mar 31/16, Up 6%) The big fires in Fort McMurray hurt them. He sees growth continuing. It is trading at a discount. It can grow by acquisition. It has its best days still ahead of it. Rising yields in the US will help lifecos for sure. P&C won’t receive that material an impact on their business. insurance 0 0 0 0 0 0 comments Greg Newman Director &, Scotia Wealth Manage... Price $94.210 Owned Yes

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