INTACT FINANCIAL (IFC) Stocks
ABOUT INTACT FINANCIAL
Intact Financial Corporation is one of the largest providers of property and casualty insurance in Canada and the United States.
It was formerly known as ING Canada, an ING Group subsidiary, and changed its name to Intact Insurance in 2009.
The company insures millions of individuals and businesses through its insurance subsidiaries and broker networks like BrokerLink, Intact Insurance, belairdirect and OneBeacon brands.
Intact Financial Corporation was founded in 1809 and its headquarters are in Toronto.The company was formed through a series of acquisitions of insurance companies that had been operating as separated entities.
OVERVIEW OF INTACT FINANCIAL
Intact Financial Corporation has more than 14 000 full time employees. The company provides property and casualty insurance and its business is organised into personal and commercial product lines. Its principal insurance products are home, automobile and business related.
It offers personal insurance for vehicles, motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles. The company also provides personal insurance for homes and contents and property coverage for tenants, condominium owners and seasonal residences.
Its commercial products are ideal for small and medium sized businesses, for the protection of physical assets and liability coverages.
The distinct brands have its own speciality: Intact Insurance is Canada’s largest home, auto and business insurance company; belairdirect is a direct-to-consumer P&C insurance company; BrokerLink is a property and casualty insurance brokerage operation.
VISION & VALUES OF INTACT FINANCIAL
- Intact Financial Corporation acts according to its values which sets out its commitment to acting with integrity and with the highest of ethical standards. These values include integrity, respect, customer driven, excellence and socially responsible actions.
- The company vows to behave with integrity, demonstrate the highest ethical standards of personal conduct, and behave with honesty, integrity, openness and fairness when dealing with each other, customers, partners and governments.
- They respect each other and value the diversity of all people and their dreams and foster an environment encouraging personal growth and development.
- They embrace change and the opportunities it creates, encourage innovative thinking and always seek to improve.
- Intact Financial Corporation adheres to its value chain to ensure the organisation reaches its goals set to meet the current and future needs of customers and maximises returns, income growth and capital appreciation for shareholders who purchase shares with them.
MARKET PERFORMANCE OF INTACT FINANCIAL
Intact Financial Corporation’s shares are traded on the Toronto Stock Exchange (TSX) under the stock symbol IFC listed in the Financial Insurance sector.
Highlights of the company’s performance in 2019 include increased net operating income per share of 18% to US Dollar 1.91, premium growth of 11% and US Dollar 1.1 billion of total capital margin and operating ROE of 12%.
Net investment income was US Dollar 146 million for the third quarter, a growth of 7% and year-to-date net investment income increased 9% to US Dollar 434 million.
Due to Intact Financial Corporation’s continued performance on this market shareholders can buy or sell shares with confidence and expect sound dividends and returns in 2019 and further.
Buy INTACT FINANCIAL stocks / shares – A Step by Step Guide how to Buy / Purchase INTACT FINANCIAL Stocks or Shares online.
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy INTACT FINANCIAL Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN INTACT FINANCIAL STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE INTACT FINANCIAL STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of INTACT FINANCIAL stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy INTACT FINANCIAL stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?