04:57:44 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Intact Financial Corp
Symbol IFC
Shares Issued 131,154,134
Close 2016-09-26 C$ 95.09
Market Cap C$ 12,471,446,602
Recent Sedar Documents

Stock Pickers says buy Intact Financial

2016-09-26 20:32 ET - In the News

Stock Pickers Digest, in the September, 2016, issue, says buy Intact Financial Corp., recently $91.99. Stock Pickers said buy eight times from April, 2010, to March, 2016, at prices ranging from $42.95 to $92.22. Assuming a $1,000 investment for each of the eight buys, the $8,000 position is now worth $11,590. Intact is Canada's largest provider of property and casualty insurance. In the quarter ended June 30, 2016, its revenue reached $1.96-billion, up from $1.88-billion a year earlier. Despite this increase, earnings per share dropped sharply to 83 cents from $1.56, mainly because of a 97-cent-a-share loss from claims associated with this spring's wildfires in Fort McMurray, Alta. Excluding that loss, Intact's earnings per share rose to $1.80 from $1.56. Meanwhile, and again excluding the wildfires, Intact's combined ratio (claims paid out divided by premiums taken in -- the lower, the better) improved to 90.4 per cent from 91.6 per cent. Intact now trades at 16.1 times its likely 2016 earnings of $5.70 a share, and 12.6 times its likely 2017 earnings of $7.29 a share. Its dividend yields 2.5 per cent. Buy.

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