Intact Financial (OTCMKTS:IFCZF) Releases Earnings Results, Misses Estimates By $0.15 EPS

Intact Financial (OTCMKTS:IFCZF) announced its quarterly earnings results on Tuesday. The company reported $2.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.15), Zacks reports. Intact Financial had a net margin of 12.02% and a return on equity of 19.25%.

Intact Financial Stock Performance

Shares of IFCZF stock traded up $5.71 on Tuesday, reaching $216.00. The stock had a trading volume of 81,817 shares, compared to its average volume of 11,851. Intact Financial has a 1 year low of $174.43 and a 1 year high of $226.09. The stock has a market cap of $38.09 billion and a P/E ratio of 15.89. The company has a 50 day simple moving average of $202.66 and a 200 day simple moving average of $193.13.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on IFCZF shares. Scotiabank reissued an “outperform” rating on shares of Intact Financial in a research report on Friday. Barclays reaffirmed an “overweight” rating on shares of Intact Financial in a report on Tuesday, July 7th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Intact Financial in a research note on Friday, July 10th. Finally, TD Securities reissued a “buy” rating on shares of Intact Financial in a report on Wednesday, May 6th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate 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.