Intact Financial (TSE:IFC) Sets New 12-Month Low – Here’s What Happened

Intact Financial Co. (TSE:IFC) shares hit a new 52-week low on Wednesday . The stock traded as low as C$243.95 and last traded at C$244.28, with a volume of 509812 shares changing hands. The stock had previously closed at C$252.08.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group decreased their price objective on shares of Intact Financial from C$321.00 to C$306.00 in a report on Thursday, February 12th. TD Securities increased their target price on 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, Raymond James Financial decreased their price target on Intact Financial from C$330.00 to C$310.00 in a research note on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Intact Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of C$318.10.

Intact Financial Stock Performance

The business’s fifty day moving average price is C$256.91 and its 200-day moving average price is C$267.88. The stock has a market cap of C$43.37 billion, a PE ratio of 13.31, a P/E/G ratio of 2.01 and a beta of 0.31. The company has a debt-to-equity ratio of 25.21, a quick ratio of 0.28 and a current ratio of 6.11.

Intact Financial (TSE:IFC) last released its quarterly earnings data on Tuesday, February 10th. The company reported C$5.40 earnings per share for the quarter. The firm had revenue of C$7.10 billion during the quarter. Intact Financial had a net margin of 12.91% and a return on equity of 17.09%. As a group, equities research analysts forecast that Intact Financial Co. will post 16.1721014 EPS for the current fiscal year.

Intact Financial Company Profile

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.