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

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TSX:IFC - Post Discussion

Intact Financial Corp > Top Pick

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Post by retiredcf on Jan 04, 2022 8:11am

Top Pick

Following a year in which his coverage universe outgained the S&P/TSX composite index by an average of 29 per cent with 14 of 19 companies outperforming, Mr. Kwan (RBC) named a trio of companies as his “best ideas” for 2022. His top pick was:

1. Intact Financial Corp. (IFC-T) with an “outperform” rating and $200 target, exceeding the $197.17 average on the Street

“We believe IFC is delivering positive fundamentals, is the most defensive stock in our coverage, has potentially significant catalyst(s) (e.g., non-RSA Canada monetizations or we think an asset swap for Aviva Canada could make a lot of sense), yet IFC trades at just 2.08 times P/BV, a level barely above recent historical troughs,” he said.

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