Intact Financial (OTCMKTS:IFCZF) Issues Quarterly Earnings Results, Beats Expectations By $0.24 EPS

Intact Financial (OTCMKTS:IFCZF) issued its earnings results on Tuesday. The company reported $3.16 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.24, Zacks reports. Intact Financial had a return on equity of 19.54% and a net margin of 12.02%.The company had revenue of $4.22 billion during the quarter, compared to the consensus estimate of $4.28 billion.

Intact Financial Stock Down 0.3%

Shares of Intact Financial stock traded down $0.49 during trading hours on Thursday, hitting $181.68. 15 shares of the company’s stock traded hands, compared to its average volume of 5,921. Intact Financial has a twelve month low of $174.43 and a twelve month high of $256.31. The company has a market cap of $32.16 billion and a PE ratio of 13.37. The stock has a 50 day simple moving average of $185.72 and a 200-day simple moving average of $192.51.

Analyst Ratings Changes

Several equities analysts recently commented on IFCZF shares. TD Securities reissued a “buy” rating on shares of Intact Financial in a research report on Wednesday. Scotiabank reaffirmed an “outperform” rating on shares of Intact Financial in a research report on Friday, January 30th. Finally, Barclays reiterated an “overweight” rating on shares of Intact Financial in a research note on Wednesday. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Intact Financial has a consensus rating of “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.