Intact Financial

IFC-T

TSE:IFC

131.44
1.59 (1.20%)
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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Analysis and Opinions about IFC-T

Signal
Opinion
Expert
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)

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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)

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.

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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.

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.

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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.

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)

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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)

WATCH
WATCH
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 )

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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 )

TOP PICK
TOP PICK
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).

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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).

PAST TOP PICK
PAST TOP PICK
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.

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(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.

DON'T BUY
DON'T BUY
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,

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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,

BUY
BUY
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.

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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.

TOP PICK
TOP PICK
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).

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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).

COMMENT
COMMENT
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.

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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.

BUY
BUY
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.

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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.

TOP PICK
TOP PICK
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.)

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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.)

PAST TOP PICK
PAST TOP PICK
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.

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(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.

COMMENT
COMMENT
January 19, 2017

Analysts are calling for $6.92. They have enjoyed a really nice growth rate, but it is running up against powerful resistance at two times book value. He is optimistic, however.

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Intact Financial (IFC-T)
January 19, 2017

Analysts are calling for $6.92. They have enjoyed a really nice growth rate, but it is running up against powerful resistance at two times book value. He is optimistic, however.

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