Intact Financial (TSE:IFC) Sets New 12-Month High on Analyst Upgrade

Intact Financial Co. (TSE:IFC) hit a new 52-week high on Monday after Jefferies Financial Group raised their price target on the stock from C$343.00 to C$351.00. Jefferies Financial Group currently has a buy rating on the stock. Intact Financial traded as high as C$24.60 and last traded at C$295.50, with a volume of 94822 shares trading hands. The stock had previously closed at C$293.46.

Several other equities research analysts also recently weighed in on the company. TD decreased their price target 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. National Bank Financial increased their target price on Intact Financial from C$372.00 to C$379.00 and gave the stock an “outperform” rating in a research note on Monday. Desjardins cut their price objective on Intact Financial from C$305.00 to C$300.00 and set a “buy” rating for the company in a research report on Monday, April 27th. Royal Bank Of Canada lifted their price target on shares of Intact Financial from C$289.00 to C$299.00 and gave the company a “sector perform” rating in a research report on Monday, July 13th. Finally, Raymond James Financial cut their price target on Intact Financial from C$310.00 to C$305.00 and set an “outperform” rating for the company in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$328.55.

Intact Financial Stock Up 2.3%

The firm has a 50 day moving average price of C$285.32 and a two-hundred day moving average price of C$267.49. The company has a current ratio of 1.69, a quick ratio of 0.28 and a debt-to-equity ratio of 23.33. The firm has a market capitalization of C$53.92 billion, a price-to-earnings ratio of 16.24, a price-to-earnings-growth ratio of 2.01 and a beta of 0.29.

Intact Financial (TSE:IFC) last released its quarterly earnings data on Tuesday, July 28th. The company reported C$4.33 earnings per share (EPS) for the quarter. Intact Financial had a net margin of 12.76% and a return on equity of 16.93%. The company had revenue of C$5.94 billion during the quarter. On average, equities analysts expect that Intact Financial Co. will post 16.1721014 earnings per share for the current fiscal 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.