skip to content
  1. Home
  2. >
  3. Questions
  4. >
  5. IFC: Please comment on big jump on Wednesday. [Intact Financial Corporation]
You can view 1 more answer this month. Sign up for a free trial for unlimited access.

Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Please comment on big jump on Wednesday.

Thanks


Sheldon
Asked by Sheldon on February 15, 2024
5i Research Answer:

IFC reported strong results, with net operating income up an impressive 45% and a combined ratio of 90.1%. Organic growth was strong, it raised its dividend by 10%, and RBC increased its target price. The move was a combination of these factors and we continue to like it quite a lot. 

Let us help YOU reach your financial goals today!

Start your FREE trial today and enjoy all the benefits of a 5i Membership including:

  • Access to a team of experts ready to answer your investments question 
  • Instant access to over 100,000 archived questions
  • A community of like-minded investors
  • Peace of mind knowing that 5i Research has only YOUR best interests in mind