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

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

Financial Services Insurance - Property & Casualty

Intact Financial Corporation is a Canada-based company, which is a provider of property and casualty insurance. Its Canada segment is engaged in underwriting of automobile, home and business insurance contracts to individuals and businesses in Canada distributed through a network of brokers and directly to consumers. Its UK & International segment is engaged in underwriting of automobile, home,... see more

Add To Watchlist

TSX:IFC - Post Discussion

Intact Financial Corp > Upgrade

View:

Post by retiredcf on Nov 10, 2021 9:22am

Upgrade

RBC’s Geoffrey Kwan increased his Intact Financial Corp. target to $200 from $195 with an “outperform” rating, while National Bank Financial’s Jaeme Gloyn raised his target to $215 from $209 with an “outperform” rating. The average is $196.69.

“IFC reported another excellent quarter driven by better-than-forecast underwriting income (primarily from the U.K./International and U.S. Commercial segments) and to a lesser extent, distribution income. IFC increased the dividend by 10 per cent and we think could announce another dividend increase when it reports Q4/21 results (we forecast an additional 10-per-cent dividend increase),” said Mr. Kwan. “Our Outperform rating reflects our view that the shares offer attractive valuation upside driven by continued positive fundamentals; a favorable industry backdrop; strong defensive attributes; and potential catalysts (e.g., de-risking of the RSA acquisition).”

243