Intact Financial (TSE:IFC) Hits New 1-Year High – Still a Buy?

Intact Financial Co. (TSE:IFC) hit a new 52-week high on Friday . The stock traded as high as C$26.38 and last traded at C$267.92, with a volume of 552398 shares traded. The stock had previously closed at C$272.58.

Analysts Set New Price Targets

Several equities research analysts recently commented on IFC shares. National Bank Financial raised their target price on Intact Financial from C$372.00 to C$379.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Raymond James Financial decreased their price target on Intact Financial from C$310.00 to C$305.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. Desjardins dropped their price objective on shares of Intact Financial from C$305.00 to C$300.00 and set a “buy” rating on the stock in a research note on Monday, April 27th. Royal Bank Of Canada boosted their target price on shares of Intact Financial from C$299.00 to C$308.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th. Finally, TD decreased their target price on shares of Intact Financial from C$347.00 to C$345.00 and set a “buy” rating for the company in a research note on Wednesday, July 29th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$331.09.

Intact Financial Stock Down 1.7%

The company has a market capitalization of C$47.25 billion, a price-to-earnings ratio of 14.90, a P/E/G ratio of 2.01 and a beta of 0.30. The company has a quick ratio of 0.28, a current ratio of 7.21 and a debt-to-equity ratio of 23.22. The firm has a 50 day moving average price of C$286.79 and a two-hundred day moving average price of C$268.26.

Intact Financial (TSE:IFC) last released its quarterly earnings results on Tuesday, July 28th. The company reported C$4.33 EPS for the quarter. The business had revenue of C$5.94 billion for the quarter. Intact Financial had a return on equity of 15.73% and a net margin of 12.04%. As a group, sell-side analysts expect that Intact Financial Co. will post 16.1721014 earnings per share for the current 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.