Intact Financial (TSE:IFC) Shares Pass Above 200 Day Moving Average – Should You Sell?

Intact Financial Co. (TSE:IFC) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$265.39 and traded as high as C$278.05. Intact Financial shares last traded at C$276.61, with a volume of 460,586 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on IFC shares. National Bank Financial lifted their price objective on Intact Financial from C$364.00 to C$372.00 in a report on Wednesday, April 29th. Raymond James Financial decreased 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. Barclays lifted their price objective on Intact Financial from C$322.00 to C$327.00 in a report on Wednesday, May 6th. Jefferies Financial Group lifted their price objective on Intact Financial from C$306.00 to C$324.00 in a report on Monday, May 4th. Finally, TD decreased their price objective on Intact Financial from C$354.00 to C$347.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Intact Financial presently has an average rating of “Moderate Buy” and a consensus target price of C$322.18.

Intact Financial Trading Up 1.6%

The firm has a fifty day simple moving average of C$261.16 and a two-hundred day simple moving average of C$265.37. The stock has a market cap of C$49.90 billion, a PE ratio of 15.03, a PEG ratio of 2.01 and a beta of 0.32.

Intact Financial (TSE:IFC) last released its quarterly earnings results on Tuesday, May 5th. The company reported C$4.61 earnings per share for the quarter. Intact Financial had a return on equity of 16.93% and a net margin of 12.76%.The firm had revenue of C$5.83 billion for the quarter. Equities analysts forecast that Intact Financial Co. will post 16.1721014 earnings per share for the current year.

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.