Intact Financial (OTCMKTS:IFCZF) Releases Quarterly Earnings Results

Intact Financial (OTCMKTS:IFCZF) released its quarterly earnings results on Tuesday. The company reported $3.16 EPS for the quarter, beating the consensus estimate of $2.92 by $0.24, Zacks reports. Intact Financial had a net margin of 11.79% and a return on equity of 19.53%.

Intact Financial Stock Up 0.3%

Shares of Intact Financial stock traded up $0.49 during midday trading on Tuesday, hitting $190.91. The company had a trading volume of 32 shares, compared to its average volume of 6,044. The stock has a market cap of $33.80 billion and a price-to-earnings ratio of 14.51. The company has a fifty day simple moving average of $185.89 and a 200 day simple moving average of $192.52. Intact Financial has a 12-month low of $174.43 and a 12-month high of $256.31.

Analyst Ratings Changes

Several analysts have commented on IFCZF shares. Scotiabank reissued an “outperform” rating on shares of Intact Financial in a research report on Friday, January 30th. TD Securities reaffirmed a “buy” rating on shares of Intact Financial in a research report on Wednesday, February 11th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Intact Financial currently has an average 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.