Intact Financial (OTCMKTS:IFCZF – Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $2.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.15), Zacks reports. The firm had revenue of $4.22 billion for the quarter, compared to analyst estimates of $4.22 billion. Intact Financial had a return on equity of 19.25% and a net margin of 12.02%.
Intact Financial Stock Performance
OTCMKTS:IFCZF opened at $216.12 on Wednesday. The firm’s fifty day moving average is $203.08 and its 200-day moving average is $193.24. Intact Financial has a 52 week low of $174.43 and a 52 week high of $226.09. The firm has a market cap of $38.11 billion and a P/E ratio of 15.90.
Analyst Upgrades and Downgrades
IFCZF has been the subject of several research analyst reports. Barclays reissued an “overweight” rating on shares of Intact Financial in a research note on Wednesday. Scotiabank reaffirmed an “outperform” rating on shares of Intact Financial in a report on Friday. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Intact Financial in a research report on Friday, July 10th. Finally, TD Securities reissued a “buy” rating on shares of Intact Financial in a research note on Wednesday, May 6th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.
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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