Bullboard - Stock Discussion Forum Intact Financial Corp T.IFC.PR.F

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

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

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TSX:IFC - Post Discussion

Intact Financial Corp > Another Upgrade

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Post by retiredcf on Apr 30, 2021 9:14am

Another Upgrade

Ahead of the release of its quarterly results on May 11, Desjardins Securities analyst Doug Young raised his target for Intact Financial Corp. to $180 from $175 with a “buy” rating (unchanged). The average is $182.70.

“Two areas of interest for us: First, any surprises from COVID-19 claims, provisions or relief measures, specifically at its personal auto division, which provided further relief in 1Q21 (impact not quantified)? Second, any new commentary around the pending acquisition of RSA, which is expected to close in 2Q21? We increased our 2021 estimates,” said Mr. Young.

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