Intact Financial (TSE:IFC) Announces Quarterly Earnings Results

Intact Financial (TSE:IFC) posted its quarterly earnings data on Tuesday. The company reported C$5.40 EPS for the quarter, FiscalAI reports. Intact Financial had a net margin of 8.60% and a return on equity of 13.13%. The firm had revenue of C$7.10 billion during the quarter.

Intact Financial Price Performance

Shares of Intact Financial stock traded up C$7.47 during trading hours on Thursday, reaching C$261.02. The company had a trading volume of 179,442 shares, compared to its average volume of 495,056. Intact Financial has a one year low of C$244.01 and a one year high of C$317.35. The firm has a market cap of C$46.38 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 2.01 and a beta of 0.07. The business has a fifty day simple moving average of C$272.10 and a 200 day simple moving average of C$273.66.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on IFC shares. National Bank Financial lifted their target price on Intact Financial from C$352.00 to C$358.00 and gave the stock an “outperform” rating in a research note on Monday, October 27th. Barclays lifted their price objective on shares of Intact Financial from C$312.00 to C$318.00 in a research report on Wednesday, November 5th. Raymond James Financial reduced their target price on shares of Intact Financial from C$330.00 to C$310.00 in a research report on Wednesday. Scotiabank lowered their price target on shares of Intact Financial from C$339.00 to C$318.00 and set an “outperform” rating on the stock in a report on Wednesday, October 22nd. Finally, TD Securities upped their price objective on Intact Financial from C$346.00 to C$354.00 and gave the company a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$316.82.

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.