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TSE:IFC

Intact Financial (IFC.TO)

277.96
-0.26 (0.09%)
as of Jun 19, 2026, 8:00:01 pm Market Open.
246 watching
0
TOP PICK
Insurance company big in Ontario, Alberta and Quebec. About 70% of revenue comes from personal, auto and home. Because of reforms, expects auto insurers in Ontario are not going to have to pay out more in terms of expenses. Good balance sheet. Just raised their dividend by 8%. Have some good catalysts. Could be an acquirer. 3% yield and expects that to grow along with earnings.
HOLD
Of all the property/casualty companies, this would be his favourite. Exceptionally well managed.
TOP PICK
Top Picks include 3 bonds, short term, medium term and long term. 6.4% 11/2039 bond. (Long term) This is a company that he feels comfortable with. Have good traction and are gaining market share.
DON'T BUY
Strong franchise in property and casualty insurance. Well run. Assessing insurance companies is always difficult because they combine both an underwriting operation and a portfolio management operation. Probably reasonably priced but would prefer a more diversified exposure to the financial sector such as an ETF.
PAST TOP PICK
(Top Pick Feb 13/09, Up 31.7%) An Acquiring company, but hasn’t acquired anything recently. High Quality, good dividend. Might itself be a takeout candidate.
STRONG BUY
Property/casualty is driven around the concept of hard markets and soft markets. Coming out of recession we often fall into a hard market because of the way governments regulate pricing. It looks like we are coming back into another one of those periods were pricing is going to be spectacular. Management is superb.
PAST TOP PICK
(A Top Pick May 2/08. Down 10.12%. Stoploss of $37.50 so he would have been down only 6.9%.) A very choppy stock so wouldn't look at this right now.
TOP PICK
Went through a peculiar selling of most of its stock by the distressed parent bank in Holland at an amazing discount of 20%.company is at the beginning of the forthcoming property/casualty cycle because of hurricanes.
COMMENT
Largest property/casualty insurer in Canada. ING globally had some balance sheet challenges. Selling ING Canada was a way for them to raise $1.5 billion. Very well run operation. Because of the economy, there may be questions if they can get the same rates.
TOP PICK
One of the largest single property/casualty insurance companies in Canada. Had a bit of a downer with its investment portfolio but are currently very confident of moving back into an acquisition mode. Have excess capital so do not need to raise debt. Brilliantly run.
BUY
Has been a little bit stronger over the last little while. He has just added to his position.
HOLD
It has dropped off but so has its competitors. Well-financed company, good underwriting record.
PAST TOP PICK
(Top Pick May 2,/08, Down 18% or 10% if you use his stop) Broke down below it’s support, so get out. If it rallies back above $34 sell then get back at that level later.
TOP PICK
Financials are bottoming out and turning around. Think they will add a lot to the TSX until the end of the summer. Chart shows a bit of a double bottom. $37.50 would be his stoploss.
DON'T BUY
This was a stock that was going lower long before the mortgage problems started. Can't see any growth here.
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