Intact Financial (OTCMKTS:IFCZF) Shares Gap Up – Here’s What Happened

Intact Financial Co. (OTCMKTS:IFCZF)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $187.8850, but opened at $197.07. Intact Financial shares last traded at $197.07, with a volume of 4 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on IFCZF shares. TD Securities reaffirmed a “buy” rating on shares of Intact Financial in a report on Wednesday, February 11th. Scotiabank reissued an “outperform” rating on shares of Intact Financial in a report on Friday, January 30th. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Intact Financial presently has an average rating of “Buy”.

Intact Financial Stock Down 1.0%

The firm’s 50-day moving average price is $193.52 and its two-hundred day moving average price is $195.72.

Intact Financial (OTCMKTS:IFCZF) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $3.95 earnings per share for the quarter, missing the consensus estimate of $4.65 by ($0.70). The business had revenue of $4.39 billion for the quarter, compared to analysts’ expectations of $5.93 billion.

About Intact Financial

Intact Financial Corporation is a leading Canadian property and casualty insurance provider offering a broad range of personal and commercial insurance products and services. Its primary operations in Canada are conducted through Intact Insurance and belairdirect, while its specialty insurance business in the United States operates under the OneBeacon Insurance Group brand. The company’s portfolio includes coverage for auto, home, commercial property and casualty, specialty lines, and accident and health, supported by risk management and claims solutions tailored to individuals, small and medium-sized enterprises, and large corporate clients.

Tracing its origins to the Halifax Fire Insurance Association founded in 1809, Intact Financial has expanded through a series of strategic mergers and acquisitions.