Industrial-Alliance Life Ins

IAG-T

TSE:IAG

59.10
0.85 (1.42%)
Industrial Alliance is a Canadian insurance company with a diversified business ranging from wealth management to group pensions.
More at Wikipedia

Analysis and Opinions about IAG-T

Signal
Opinion
Expert
TOP PICK
TOP PICK
January 16, 2017

He believes we are in a rising interest rate environment and you want to own financials in this environment. It qualifies in valuation, price momentum and volatility. He likes MFC-T and it did well as a Top Pick. He likes all three.

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He believes we are in a rising interest rate environment and you want to own financials in this environment. It qualifies in valuation, price momentum and volatility. He likes MFC-T and it did well as a Top Pick. He likes all three.

BUY WEAKNESS
BUY WEAKNESS
December 30, 2016

Doesn’t own any of the insurance companies. They’ve done well in the last little while because of what has happened with interest rates. If we continue to see this kind of interest rate environment, they will continue to do well. You probably want to wait for a pullback before buying.

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Doesn’t own any of the insurance companies. They’ve done well in the last little while because of what has happened with interest rates. If we continue to see this kind of interest rate environment, they will continue to do well. You probably want to wait for a pullback before buying.

HOLD
HOLD
November 8, 2016

He likes the life insurance sector, and this company is part of that. Believes interest rates are going up and this company will probably benefit.

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He likes the life insurance sector, and this company is part of that. Believes interest rates are going up and this company will probably benefit.

COMMENT
COMMENT
August 19, 2016

This is on the life insurance side as well as money management, mutual funds, etc. Lifecos are really challenged in operating in this low interest rate environment. This doesn’t meet his criteria.

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This is on the life insurance side as well as money management, mutual funds, etc. Lifecos are really challenged in operating in this low interest rate environment. This doesn’t meet his criteria.

DON'T BUY
DON'T BUY
July 13, 2016

They are doing a good job. It has broken above its 50 day moving average. The trend is in a non-aggressive down trend. It is near the top of its channel.

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They are doing a good job. It has broken above its 50 day moving average. The trend is in a non-aggressive down trend. It is near the top of its channel.

COMMENT
COMMENT
May 24, 2016

Industrial Alliance Group (IAG-T) or Intact Financial (IFC-T)? This is a fantastic company and really well-managed. CEO has done a tremendous job. The company understands risk management. He would not want to bet against this in the long run. 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)? This is a fantastic company and really well-managed. CEO has done a tremendous job. The company understands risk management. He would not want to bet against this in the long run. It is hard to choose between these 2. They are both long-term holds and they both know how to manage risks.

TOP PICK
TOP PICK
September 21, 2015

It sold off well below its long term multiple. It is much cheaper than the rest of the space. The management team is continually growing book value.

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It sold off well below its long term multiple. It is much cheaper than the rest of the space. The management team is continually growing book value.

TOP PICK
TOP PICK
July 24, 2015

Has been more beat up in the market compared to Sun Life Financial (SLF-T) and Manulife (MFC-T), because it has less exposure to outside of Canada, although they do have a bit of US business. Also, their asset management business is seeing a little bit of negative flow. This has brought the stock price down to a level where he is comfortable buying it. Growing Book Value at about 10% a year for over a decade now. Expects to see acquisitions in US insurance and on the asset management side. Dividend yield of 2.76%.

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Has been more beat up in the market compared to Sun Life Financial (SLF-T) and Manulife (MFC-T), because it has less exposure to outside of Canada, although they do have a bit of US business. Also, their asset management business is seeing a little bit of negative flow. This has brought the stock price down to a level where he is comfortable buying it. Growing Book Value at about 10% a year for over a decade now. Expects to see acquisitions in US insurance and on the asset management side. Dividend yield of 2.76%.

DON'T BUY
DON'T BUY
January 16, 2015

Similar to Manulife (MFC-T) or Sun Life (SLF-T) but much smaller. This is a space where you would benefit from buying the larger, higher-quality names at this time. You could buy this one in the later stages of recovery once the other 2 have started to become more expensive. Valuation is still quite cheap on the big names, and that is where he would start.

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Similar to Manulife (MFC-T) or Sun Life (SLF-T) but much smaller. This is a space where you would benefit from buying the larger, higher-quality names at this time. You could buy this one in the later stages of recovery once the other 2 have started to become more expensive. Valuation is still quite cheap on the big names, and that is where he would start.

BUY
BUY
April 9, 2014

Has SLF and MFC. This one is less levered than SLF. A third of its revenues come from wealth management side. Revenue all from Canada. A more conservative name.

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Has SLF and MFC. This one is less levered than SLF. A third of its revenues come from wealth management side. Revenue all from Canada. A more conservative name.

BUY WEAKNESS
BUY WEAKNESS
April 7, 2014

Prefers Intact Financial (IFC-T) which he feels is the strongest in this space. Insurance business primarily works on 2 things, a good stock market and interest rates that are inclined to rise. Has really good support at $42. Another couple of dollars lower and it would be a Buy.

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Prefers Intact Financial (IFC-T) which he feels is the strongest in this space. Insurance business primarily works on 2 things, a good stock market and interest rates that are inclined to rise. Has really good support at $42. Another couple of dollars lower and it would be a Buy.

DON'T BUY
DON'T BUY
February 3, 2014

Chart is showing a breakdown and is not looking good. Wasn’t unusual to see it dropping today, but there wasn’t a tremendous amount of volume. If it can’t hold at $42, he could see it easily going down to about $39. He would be positive if it broke above $45. It has to reverse and start an uptrend.

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Chart is showing a breakdown and is not looking good. Wasn’t unusual to see it dropping today, but there wasn’t a tremendous amount of volume. If it can’t hold at $42, he could see it easily going down to about $39. He would be positive if it broke above $45. It has to reverse and start an uptrend.

BUY
BUY
November 26, 2013

This looks like it had the most exposure and upside to the environment where rates were going up. Have made a few acquisitions. Reasonably valued.

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This looks like it had the most exposure and upside to the environment where rates were going up. Have made a few acquisitions. Reasonably valued.

PAST TOP PICK
PAST TOP PICK
November 22, 2013

(A Top Pick Nov 28/12. Down 2.55%.) 5.714% bonds maturing Dec 31/53 with the Call at 2013. He was called out on this one.

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(A Top Pick Nov 28/12. Down 2.55%.) 5.714% bonds maturing Dec 31/53 with the Call at 2013. He was called out on this one.

WAIT
WAIT
September 9, 2013

We are not early on insurance. If we get back to $35 then risk reward starts to get more compelling. Wait for a 10% pullback.

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We are not early on insurance. If we get back to $35 then risk reward starts to get more compelling. Wait for a 10% pullback.

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