16:49:21 EDT Mon 06 May 2024
Enter Symbol
or Name
USA
CA



Intact Financial Corp
Symbol IFC
Shares Issued 178,404,889
Close 2024-04-16 C$ 221.46
Market Cap C$ 39,509,546,718
Recent Sedar Documents

Globe says Intact Financial maintained at "buy"

2024-04-17 07:51 ET - In the News

The Globe and Mail reports in its Wednesday, April 17, edition that Desjardins analyst Doug Young says Intact Financial is "well-positioned to grow organically and inorganically." The Globe's David Leeder writes in the Eye On Equities column that Mr. Young continues to rate Intact Financial "buy." Mr. Young raised his share target to $238 from $235. Analysts on average target the shares at $235.25. Mr. Young says in a note: "In terms of specific themes for Intact: (1) A few items worth mentioning on the U.K. and Ireland business. First, any new colour on how the recent DLG acquisition performed? Second, recall that on Dec. 7, Intact completed its strategic review of its U.K. personal lines business. Results for the run-off business are reported within exited lines. How long will losses at its exited lines persist? (2) Any new updates from the integration of RSA? (3) Canadian personal auto remains a hot topic. Anything to change its sub-95-per-cent seasonally adjusted combined ratio target? (4) A higher frequency of CAT losses has been an issue for its personal property division over the last few quarters; however, results this quarter should benefit from lower CAT losses and benign weather in Canada."

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