Intact Financial (OTCMKTS:IFCZF) Announces Quarterly Earnings Results

Intact Financial (OTCMKTS:IFCZF) issued its quarterly earnings results on Tuesday. The company reported $3.95 earnings per share for the quarter, missing analysts’ consensus estimates of $4.65 by ($0.70), Zacks reports. The business had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $5.93 billion.

Intact Financial Price Performance

Shares of OTCMKTS IFCZF traded down $4.46 during mid-day trading on Wednesday, reaching $189.54. The company had a trading volume of 181 shares, compared to its average volume of 7,129. The stock has a fifty day moving average of $197.92 and a two-hundred day moving average of $197.60. Intact Financial has a 12-month low of $180.00 and a 12-month high of $256.31.

Analyst Ratings Changes

IFCZF has been the subject of several recent research reports. Scotiabank reissued an “outperform” rating on shares of Intact Financial in a research note on Friday, January 30th. National Bankshares reaffirmed an “outperform” rating on shares of Intact Financial in a research report on Monday, October 27th. Barclays reiterated an “overweight” rating on shares of Intact Financial in a research report on Wednesday, November 5th. Finally, Jefferies Financial Group raised shares of Intact Financial to a “buy” rating in a research note on Tuesday, October 21st. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.

About Intact Financial

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.