Intact Financial (OTCMKTS:IFCZF) Releases Quarterly Earnings Results

Intact Financial (OTCMKTS:IFCZF) posted its earnings results on Tuesday. The company reported $2.60 EPS for the quarter, topping the consensus estimate 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 Price Performance

Shares of OTCMKTS IFCZF traded down $2.53 during trading on Tuesday, reaching $186.74. 49,214 shares of the stock traded hands, compared to its average volume of 34,649. Intact Financial has a 52-week low of $166.68 and a 52-week high of $226.09. The company has a 50-day moving average of $182.63 and a 200-day moving average of $190.79. The stock has a market capitalization of $32.80 billion and a P/E ratio of 14.97.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on IFCZF shares. TD Securities restated a “buy” rating on shares of Intact Financial in a report on Wednesday, July 29th. Scotiabank reiterated an “outperform” rating on shares of Intact Financial in a research note on Wednesday, October 7th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Intact Financial in a research note on Friday, July 10th. Barclays reissued an “overweight” rating on shares of Intact Financial in a research report on Wednesday, July 29th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Intact Financial in a research note on Thursday, July 30th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Intact Financial presently 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.