Intact Financial Co. (OTCMKTS:IFCZF – Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $181.17, but opened at $226.09. Intact Financial shares last traded at $181.95, with a volume of 35 shares.
Analysts Set New Price Targets
Several analysts recently issued reports on IFCZF shares. Scotiabank reaffirmed an “outperform” rating on shares of Intact Financial in a report on Friday, January 30th. Barclays reaffirmed an “overweight” rating on shares of Intact Financial in a report on Wednesday, May 6th. Finally, TD Securities reaffirmed a “buy” rating on shares of Intact Financial in a report on Wednesday, May 6th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy”.
View Our Latest Stock Analysis on IFCZF
Intact Financial Stock Performance
Intact Financial (OTCMKTS:IFCZF – Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.92 by $0.24. The business had revenue of $4.22 billion during the quarter, compared to analysts’ expectations of $4.28 billion. Intact Financial had a net margin of 12.02% and a return on equity of 19.54%.
Intact Financial Company Profile
Intact Financial Corporation is a leading Canadian property and casualty insurance provider offering a broad range of personal and commercial insurance products and services. Its primary operations in Canada are conducted through Intact Insurance and belairdirect, while its specialty insurance business in the United States operates under the OneBeacon Insurance Group brand. The company’s portfolio includes coverage for auto, home, commercial property and casualty, specialty lines, and accident and health, supported by risk management and claims solutions tailored to individuals, small and medium-sized enterprises, and large corporate clients.
Tracing its origins to the Halifax Fire Insurance Association founded in 1809, Intact Financial has expanded through a series of strategic mergers and acquisitions.
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