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Bullboard - Stock Discussion Forum Intact Financial Corp IFTPF


Primary Symbol: T.IFC Alternate Symbol(s):  T.IFC.P.E | IFZZF | T.IFC.P.F | T.IFC.P.G | T.IFC.P.I | T.IFC.P.K | INFFF | IFCZF | INTAF | T.IFC.P.A | T.IFC.P.C

Financial Services Insurance - Property & Casualty
Intact Financial Corporation is a Canada-based company, which provides property and casualty (P&C) insurance. The Company's segment includes Canada, US and UK & International. The Canada segment is engaged in the underwriting of automobile, home and business insurance contracts to individuals and businesses in Canada distributed through a network of brokers and directly consumers. The UK... see more

TSX:IFC - Post Discussion

Intact Financial Corp > RBC
View:
Post by retiredcf on Apr 04, 2022 9:03am

RBC

April 4, 2022

Intact Financial Corporation 
Sale of RSA Middle East announced

Sentiment: Neutral.

Outperform

TSX: IFC; CAD 184.67

Price Target CAD 216.00

Our view: While this sale is not material to Intact, the announcement is consistent with our investment thesis in that we have long viewed monetization(s) and/or an asset swap as part of Intact's game plan for creating value from its acquisition of RSA. We still believe that further monetization(s) and/or an asset swap could occur, which would be a positive catalyst for the stock. Intact remains our #1 best idea reflecting positive fundamentals, potential catalysts, very defensive attributes and attractive valuation.

Summary: Intact announced the sale of its 50.00002% shareholding in RSA Middle East B.S.C.(c) to National Life & General Insurance Company, which is majority owned by Oman International Development and Investment Co. SAOG (OMINVEST), subject to regulatory approvals. The transaction is expected to close by the end of Q3/22.

Comment by eXclusif on Apr 05, 2022 2:40pm
sad
Intact Financial Corp
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