Intact Financial (OTCMKTS:IFCZF) Announces Earnings Results

Intact Financial (OTCMKTS:IFCZF) posted its quarterly earnings data on Tuesday. The company reported $3.16 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.24, Zacks reports. Intact Financial had a net margin of 11.79% and a return on equity of 19.53%.

Intact Financial Price Performance

OTCMKTS IFCZF traded up $0.49 on Tuesday, hitting $190.91. 32 shares of the company were exchanged, compared to its average volume of 6,044. The company’s 50 day moving average price is $185.89 and its 200-day moving average price is $192.52. The firm has a market capitalization of $33.80 billion and a P/E ratio of 14.51. Intact Financial has a twelve month low of $174.43 and a twelve month high of $256.31.

Analysts Set New Price Targets

A number of brokerages recently weighed in on IFCZF. Scotiabank restated an “outperform” rating on shares of Intact Financial in a report on Friday, January 30th. TD Securities reaffirmed a “buy” rating on shares of Intact Financial in a report on Wednesday, February 11th. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy”.

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.