Intact Financial (OTCMKTS:IFCZF) Announces Quarterly Earnings Results

Intact Financial (OTCMKTS:IFCZF) released its quarterly earnings results on Tuesday. The company reported $2.60 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.46, Zacks reports. Intact Financial had a net margin of 11.45% and a return on equity of 16.77%.

Intact Financial Stock Down 1.3%

Shares of Intact Financial stock traded down $2.53 during trading on Tuesday, reaching $186.74. The company’s stock had a trading volume of 49,214 shares, compared to its average volume of 24,378. Intact Financial has a 52-week low of $166.68 and a 52-week high of $226.09. The firm’s 50-day moving average is $182.63 and its two-hundred day moving average is $190.79. The company has a market cap of $32.80 billion and a price-to-earnings ratio of 14.35.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Barclays restated an “overweight” rating on shares of Intact Financial in a research report on Wednesday, July 29th. TD Securities reiterated a “buy” rating on shares of Intact Financial in a research report on Wednesday, July 29th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Intact Financial in a research note on Thursday, July 30th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Intact Financial in a research report on Friday, July 10th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Intact Financial in a research note on Wednesday, October 7th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Intact Financial Company Profile

Intact Financial Corporation is a Canada-based provider of property and casualty insurance. Through its subsidiaries and operating brands, the company offers personal, commercial and specialty insurance products covering automobiles, homes, businesses, marine risks and other property and liability exposures.

In Canada, Intact serves customers through broker distribution as well as direct-to-consumer brands, including Intact Insurance and belairdirect. Its operations also include BrokerLink, a network of insurance brokerages, and services supporting claims and property restoration.