Intact Financial (TSE:IFC) Posts Quarterly Earnings Results

Intact Financial (TSE:IFC) announced its earnings results on Tuesday. The company reported C$4.33 EPS for the quarter, FiscalAI reports. Intact Financial had a net margin of 12.76% and a return on equity of 16.93%. The company had revenue of C$5.94 billion for the quarter.

Intact Financial Price Performance

Shares of TSE:IFC traded up C$6.87 during midday trading on Tuesday, hitting C$305.00. The stock had a trading volume of 680,238 shares, compared to its average volume of 458,170. The company’s 50-day moving average price is C$284.59 and its 200-day moving average price is C$267.29. Intact Financial has a fifty-two week low of C$242.87 and a fifty-two week high of C$310.84. The company has a quick ratio of 0.28, a current ratio of 1.69 and a debt-to-equity ratio of 23.33. The company has a market capitalization of C$53.92 billion, a P/E ratio of 16.24, a price-to-earnings-growth ratio of 2.01 and a beta of 0.29.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on IFC shares. Royal Bank Of Canada increased their price target on Intact Financial from C$289.00 to C$299.00 and gave the stock a “sector perform” rating in a research report on Monday, July 13th. Jefferies Financial Group lifted their price objective on Intact Financial from C$343.00 to C$351.00 and gave the company a “buy” rating in a report on Monday. Raymond James Financial dropped their price objective on Intact Financial from C$310.00 to C$305.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. National Bank Financial upped their target price on Intact Financial from C$372.00 to C$379.00 and gave the company an “outperform” rating in a research report on Monday. Finally, TD reduced their target price on Intact Financial from C$354.00 to C$347.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Intact Financial currently has an average rating of “Moderate Buy” and a consensus price target of C$328.55.

Intact Financial Company Profile

Intact Financial Corp is a property and casualty insurance company that provides written premiums in Canada. The company distributes insurance under the Intact Insurance brand through a network of brokers and a wholly-owned subsidiary, BrokerLink, and directly to consumers through Belairdirect. Most of the company’s direct premiums are written in the personal automotive space. Intact directly manages its investments through subsidiary Intact Investment Management. The vast majority of these invested assets are fixed-income securities.