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
PAST TOP PICK
PAST TOP PICK
December 9, 2016

(A Top Pick March 31/16. Up 2.87%.) At the time, it was cheap relative to its five-year average. It is not any more, because they had very poor earnings this year. Very conservative and highly resilient. He thinks it can go a lot further from here. Yield of 2.5%.

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Intact Financial (IFC-T)
December 9, 2016

(A Top Pick March 31/16. Up 2.87%.) At the time, it was cheap relative to its five-year average. It is not any more, because they had very poor earnings this year. Very conservative and highly resilient. He thinks it can go a lot further from here. Yield of 2.5%.

COMMENT
COMMENT
May 24, 2016

Industrial Alliance Group (IAG-T) or Intact Financial (IFC-T)? When you have a great business and there is a one-time event that is not replicable, and the company sells off in a material fashion, this is one of the best investment opportunities, and is the kind of opportunity that Intact Financial represents. It is hard to choose between these 2. They are both long-term holds and they both know how to manage risks.

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Industrial Alliance Group (IAG-T) or Intact Financial (IFC-T)? When you have a great business and there is a one-time event that is not replicable, and the company sells off in a material fashion, this is one of the best investment opportunities, and is the kind of opportunity that Intact Financial represents. It is hard to choose between these 2. They are both long-term holds and they both know how to manage risks.

HOLD
HOLD
April 20, 2016

A great business and management is 2nd to none. They have structural advantages that enable them to earn ROE’s well in excess of the industry. If they are not making money, no one is making money. Not cheap, but he hopes to own more down the road.

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A great business and management is 2nd to none. They have structural advantages that enable them to earn ROE’s well in excess of the industry. If they are not making money, no one is making money. Not cheap, but he hopes to own more down the road.

TOP PICK
TOP PICK
March 31, 2016

He is modelling that they grow their earnings per share by 15% annualized over the next couple of years. Until recently, one of the concerns was that their BV had dropped due to preferred shares and weakness in the stock market. Last quarter that bounced back in a very big way, so their capital levels are very strong, meaning that they can boost their dividends. Also, they can grow by acquisition. Dividend yield of 2.55%.

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He is modelling that they grow their earnings per share by 15% annualized over the next couple of years. Until recently, one of the concerns was that their BV had dropped due to preferred shares and weakness in the stock market. Last quarter that bounced back in a very big way, so their capital levels are very strong, meaning that they can boost their dividends. Also, they can grow by acquisition. Dividend yield of 2.55%.

HOLD
HOLD
December 23, 2015

Property and casualty insurance. What differentiates this from most other North American P&C’s is their investment shop bolted on to the insurance company. It is superb. A world class property/casualty company. This zigs when banks are zagging. An excellent company.

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Intact Financial (IFC-T)
December 23, 2015

Property and casualty insurance. What differentiates this from most other North American P&C’s is their investment shop bolted on to the insurance company. It is superb. A world class property/casualty company. This zigs when banks are zagging. An excellent company.

PAST TOP PICK
PAST TOP PICK
November 5, 2015

(A Top Pick Sept 19/14. Up 28.56%.) Had their earnings today and stumbled a little on underwriting profitability and lower Book Value due to some energy losses and preferred share losses. A buying opportunity over the next couple of days. Great company. Still trading below its 5-year average.

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Intact Financial (IFC-T)
November 5, 2015

(A Top Pick Sept 19/14. Up 28.56%.) Had their earnings today and stumbled a little on underwriting profitability and lower Book Value due to some energy losses and preferred share losses. A buying opportunity over the next couple of days. Great company. Still trading below its 5-year average.

PAST TOP PICK
PAST TOP PICK
October 23, 2015

(A Top Pick Sept 16/14. Up 35.46%.) The largest property/casualty Company. The big thing he likes is that they actually make money on their insurance. Have been picking up smaller deals. They are very disciplined.

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Intact Financial (IFC-T)
October 23, 2015

(A Top Pick Sept 16/14. Up 35.46%.) The largest property/casualty Company. The big thing he likes is that they actually make money on their insurance. Have been picking up smaller deals. They are very disciplined.

COMMENT
COMMENT
June 30, 2015

(Market Call Minute.) Not quite the growth he is looking for, but an extremely well-run property/casualty Company. He would say they are in the top 3 in North America. Doesn’t quite have the growth he is looking for, but an excellent business.

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(Market Call Minute.) Not quite the growth he is looking for, but an extremely well-run property/casualty Company. He would say they are in the top 3 in North America. Doesn’t quite have the growth he is looking for, but an excellent business.

COMMENT
COMMENT
June 30, 2015

Manulife (MFC-T) or Intact Financial (IFC-T)? These are 2 different types of companies and can’t really be compared. This is a life company and the other is property/casualty. This one is brilliantly run and is the biggest apart from Fairfax (FFH-T). He likes this one endlessly. It can be aggressively buying other smaller companies.

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Manulife (MFC-T) or Intact Financial (IFC-T)? These are 2 different types of companies and can’t really be compared. This is a life company and the other is property/casualty. This one is brilliantly run and is the biggest apart from Fairfax (FFH-T). He likes this one endlessly. It can be aggressively buying other smaller companies.

DON'T BUY
DON'T BUY
June 26, 2015

He is not a fan of the casualty side of the insurance business. He prefers PWF-T and SLF-T. IFC-T has done well, but he considers this area to be subject to whatever happens. If you believe in climate change then the future is a little uncertain.

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He is not a fan of the casualty side of the insurance business. He prefers PWF-T and SLF-T. IFC-T has done well, but he considers this area to be subject to whatever happens. If you believe in climate change then the future is a little uncertain.

PAST TOP PICK
PAST TOP PICK
June 23, 2015

(Top Pick May 16/14, Up 25.95%) A leader in the property and casualty business. Growing through acquisition and using its scale. They just bought some business from Canadian Western Bank. They are a leader in a growing business space.

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(Top Pick May 16/14, Up 25.95%) A leader in the property and casualty business. Growing through acquisition and using its scale. They just bought some business from Canadian Western Bank. They are a leader in a growing business space.

HOLD
HOLD
April 30, 2015

Resource money moving into non-resource stocks is making them over inflated in value.

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Resource money moving into non-resource stocks is making them over inflated in value.

BUY
BUY
April 23, 2015

Even though it has had a big move, it is still trading on a PE basis of around 14X, versus its five-year average of 15.6X. Just did an acquisition from Canadian Western Bank (CWB-T), which will be somewhat accretive to this year’s numbers. A fragmented business, so future acquisitions really provide a source of upside.

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Even though it has had a big move, it is still trading on a PE basis of around 14X, versus its five-year average of 15.6X. Just did an acquisition from Canadian Western Bank (CWB-T), which will be somewhat accretive to this year’s numbers. A fragmented business, so future acquisitions really provide a source of upside.

PARTIAL SELL
PARTIAL SELL
February 24, 2015

Had a very good run because of the macro economic tailwinds. Fundamentally has a strong management team and it is growing. Stock looks pretty toppy at these levels, but on a fundamental basis it stacks up quite well when compared to others. A good entry point is when it is trading below Book Value and you exit when it is trading at a premium to Book Value. Currently it is trading at a good premium to the Book Value, so it is not a bad idea to take some money off the table.

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Intact Financial (IFC-T)
February 24, 2015

Had a very good run because of the macro economic tailwinds. Fundamentally has a strong management team and it is growing. Stock looks pretty toppy at these levels, but on a fundamental basis it stacks up quite well when compared to others. A good entry point is when it is trading below Book Value and you exit when it is trading at a premium to Book Value. Currently it is trading at a good premium to the Book Value, so it is not a bad idea to take some money off the table.

PAST TOP PICK
PAST TOP PICK
February 20, 2015

(A Top Pick Jan 28/14. Up 36.04%.) 2013 profitability really took a hit, but rebounded a little in 2014 as he had suggested. He continues to like it.

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Intact Financial (IFC-T)
February 20, 2015

(A Top Pick Jan 28/14. Up 36.04%.) 2013 profitability really took a hit, but rebounded a little in 2014 as he had suggested. He continues to like it.

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