Analyst RecommendationSecond stock in the clip; he also owns it personally. GLTA
https://www.bnnbloomberg.ca/video/brian-madden-past-picks~2294923
Intact Financial (IFC TSX) - Then: $145.05
- Now: $164.67
- Return: 13%
- Total Return: 16%
PAST TOP PICK
Intact Financial (IFC-T)
04/10/2021
(A Top Pick Nov 05/20, Up 16%) It's a major holding of his. They're an excellent insurance operator. They're a leader in digital insurance in Canada with over 400 AI experts. This drives organic growth. They invest the float conservatively, and they are good acquirers, most recently getting a toehold in the UK and Scandinavia. They are gaining market share in Canada, too. The insurance market now has "hard" conditions, meaning pricing power as premiums rise. So, there's strong earnings growth.
INSURANCE
Brian Madden
$165.210
Owned