Intact Financial

IFC-T

TSE:IFC

136.38
0.05 (0.04%)
Intact Insurance is the largest provider of property and casualty insurance in Canada with close to $8.0 billion in annual premiums.
More at Wikipedia

Analysis and Opinions about IFC-T

Signal
Opinion
Expert
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.
Intact Financial (IFC-T)
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.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$135.900
Owned
Yes
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.
Intact Financial (IFC-T)
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.
Gavin Graham
Trustee, Pointbreak ETFs
Price
$133.680
Owned
Yes
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)
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)
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$125.720
Owned
Yes
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.
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.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$126.340
Owned
Yes
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.
(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.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$123.210
Owned
Yes
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.
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.
Javed Mirza
Technical analyst, Canaccord Genuity
Price
$122.800
Owned
Unknown
BUY WEAKNESS
BUY WEAKNESS
June 14, 2019
A great performer. Pays a 2.6% dividend. $99.18 is his model price. It's expensive. It trades within a zone and is now in the upper region of it. Hold it if you own it. Buy during a pullback.
A great performer. Pays a 2.6% dividend. $99.18 is his model price. It's expensive. It trades within a zone and is now in the upper region of it. Hold it if you own it. Buy during a pullback.
Brian Acker, CA
Chief Executive Officer, President and Chief Inves, Acker Finley Inc.
Price
$120.310
Owned
Yes
PAST TOP PICK
PAST TOP PICK
May 21, 2019
(A Top Pick May 28/18, Up 23%) Held up better than other stocks did last November. Have increased auto insurance in last 3 quarters. Home and commercial premiums have gone up. Top line and bottom growth.
(A Top Pick May 28/18, Up 23%) Held up better than other stocks did last November. Have increased auto insurance in last 3 quarters. Home and commercial premiums have gone up. Top line and bottom growth.
Teal Linde
Portfolio Manager & Publisher, Linde Equity Report, Linde Equity Report
Price
$117.000
Owned
Yes
COMMENT
COMMENT
May 14, 2019
It's done quite well and dominates market position in P&C insurance. They can always reprice their products. It trades at a higher valuation vs. its peers. Maybe its growth is higher. But their valuation has always kept her on the sidelines.
It's done quite well and dominates market position in P&C insurance. They can always reprice their products. It trades at a higher valuation vs. its peers. Maybe its growth is higher. But their valuation has always kept her on the sidelines.
Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$115.730
Owned
No
TOP PICK
TOP PICK
May 8, 2019
Has an 18% market share in Canada for P&C insurance, the biggest. They recently dipped into America with an acquisition. They boast a 9% compund growth rate in earnings. (Analysts’ price target is $117.54)
Has an 18% market share in Canada for P&C insurance, the biggest. They recently dipped into America with an acquisition. They boast a 9% compund growth rate in earnings. (Analysts’ price target is $117.54)
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$111.040
Owned
Yes
PAST TOP PICK
PAST TOP PICK
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.
(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.
Teal Linde
Portfolio Manager & Publisher, Linde Equity Report, Linde Equity Report
Price
$110.350
Owned
Yes
TOP PICK
TOP PICK
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)

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)

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$100.630
Owned
Yes
HOLD
HOLD
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.

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.

Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$106.070
Owned
No
STRONG BUY
STRONG BUY
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.

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.

Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$105.550
Owned
Yes
TOP PICK
TOP PICK
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)

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)

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$95.390
Owned
Yes
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