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

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.F | T.IFC.PR.G | IFTPF | IFZZF | 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 > Multiple Upgrades

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Post by retiredcf on Nov 11, 2021 8:50am

Multiple Upgrades

BMO’s Tom MacKinnon raised his Intact Financial Corp. target to $205 from $200 with an “outperform” rating. Other changes include: CIBC’s Paul Holden to $200 from $197 with an “outperformer” rating and Desjardins’ Doug Young to $195 from $190 with a “buy” rating The average is $198.77.

“Another quarter of strong underwriting performance which underpinned the operating EPS beat, also helped by better distribution EBITA and better investment income. Topline was modestly better as well. Earnings accretion from RSA ahead of schedule and management remains confident in achieving high-single digit accretion in first 12 months and upper teens within 36 months of closing,” said Mr. MacKinnon.

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