Intact Financial (TSE:IFC) Sets New 1-Year High – Here’s Why

Shares of Intact Financial Co. (TSE:IFC) reached a new 52-week high on Monday . The company traded as high as C$25.97 and last traded at C$297.69, with a volume of 64169 shares changing hands. The stock had previously closed at C$298.79.

Wall Street Analyst Weigh In

Several equities analysts recently commented on IFC shares. Barclays boosted their price objective on shares of Intact Financial from C$322.00 to C$327.00 in a research note on Wednesday, May 6th. Raymond James Financial lowered their price objective on Intact Financial from C$310.00 to C$305.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 6th. Royal Bank Of Canada reduced their target price on Intact Financial from C$304.00 to C$289.00 and set a “sector perform” rating for the company in a research report on Thursday, May 7th. National Bank Financial raised their price target on Intact Financial from C$364.00 to C$372.00 in a report on Wednesday, April 29th. Finally, Jefferies Financial Group boosted their price objective on Intact Financial from C$306.00 to C$324.00 in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Intact Financial presently has a consensus rating of “Moderate Buy” and an average target price of C$322.18.

Intact Financial Stock Down 0.1%

The stock has a 50-day simple moving average of C$273.83 and a two-hundred day simple moving average of C$266.26. 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 firm has a market cap of C$53.51 billion, a PE ratio of 16.12, a P/E/G ratio of 2.01 and a beta of 0.29.

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

About Intact Financial

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.