Intact Financial (TSE:IFC) Releases Earnings Results

Intact Financial (TSE:IFC) posted its earnings results on Tuesday. The company reported C$4.61 earnings per share (EPS) for the quarter, FiscalAI reports. Intact Financial had a net margin of 12.91% and a return on equity of 17.09%. The company had revenue of C$5.83 billion during the quarter.

Intact Financial Trading Up 0.4%

IFC stock traded up C$1.02 during trading on Tuesday, hitting C$259.10. The company had a trading volume of 296,106 shares, compared to its average volume of 472,352. The company has a quick ratio of 0.28, a current ratio of 6.11 and a debt-to-equity ratio of 25.21. The firm has a 50-day moving average price of C$255.17 and a 200-day moving average price of C$265.95. Intact Financial has a 12 month low of C$242.87 and a 12 month high of C$317.35. The stock has a market cap of C$46.01 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 2.01 and a beta of 0.34.

Analysts Set New Price Targets

IFC has been the subject of a number of research analyst reports. National Bank Financial lifted their target price on shares of Intact Financial from C$364.00 to C$372.00 in a research note on Wednesday, April 29th. Barclays lifted their target price on shares of Intact Financial from C$319.00 to C$322.00 in a research note on Wednesday, April 8th. Raymond James Financial cut their target price on shares of Intact Financial from C$330.00 to C$310.00 in a research note on Wednesday, February 11th. TD Securities lifted their target price on shares of Intact Financial from C$346.00 to C$354.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Finally, Desjardins cut their target price on shares of Intact Financial from C$305.00 to C$300.00 and set a “buy” rating for the company in a research note on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$321.20.

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.