Here’s a Power Buy for you among Canada’s blue chips: Intact Financial

Article Excerpt

In February, we recommended Intact Financial as a top 2019 pick for power-growth investors. The shares had moved up slowly but steadily for a few years—but we thought the price was ready to break out. Sure enough, the stock has handed our subscribers a 34%-plus gain since then. And it’s still climbing. Intact gives investors the best of both worlds: it’s a blue-chip insurer with a leading reputation among consumers; it’s also a growth stock making all the right moves both in Canada and the U.S. Given its future gains, we think now is still a great time for you to buy. INTACT FINANCIAL $135.84, is a Power Buy. The company (Toronto symbol IFC; TSINetwork Rating: Extra Risk) (www.intactfc.com; Shares outstanding: 139.2 million; Market cap: $18.8 billion; Dividend yield: 2.2%) provides investors exposure to Canada’s largest provider of property and casualty insurance. Through its major brands Intact Insurance, Canada BrokerLink and belairdirect, the company insures more than five million individuals and businesses. Intact’s buy of OneBeacon Insurance…