Intact Financial (OTCMKTS:IFCZF) Shares Gap Down – Time to Sell?

Intact Financial Co. (OTCMKTS:IFCZFGet Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $187.56, but opened at $176.77. Intact Financial shares last traded at $187.2650, with a volume of 6 shares trading hands.

Analyst Ratings Changes

A number of research analysts recently commented on IFCZF shares. Scotiabank reiterated an “outperform” rating on shares of Intact Financial in a research note on Friday, January 30th. Barclays reiterated an “overweight” rating on shares of Intact Financial in a research note on Wednesday, May 6th. Finally, TD Securities reiterated a “buy” rating on shares of Intact Financial in a research note on Wednesday, May 6th. Five analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy”.

Get Our Latest Stock Analysis on Intact Financial

Intact Financial Price Performance

The stock has a market capitalization of $33.75 billion and a price-to-earnings ratio of 14.05. The business has a fifty day moving average of $184.96 and a 200-day moving average of $192.49.

Intact Financial (OTCMKTS:IFCZFGet Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.24. The firm had revenue of $4.22 billion for the quarter, compared to analyst estimates 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

(Get Free Report)

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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