Intact Financial (OTCMKTS:IFCZF) Posts Earnings Results

Intact Financial (OTCMKTS:IFCZF) issued its quarterly earnings data on Tuesday. The company reported $3.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.65 by ($0.70), Zacks reports.

Intact Financial Stock Performance

Intact Financial stock traded up $0.08 during mid-day trading on Tuesday, reaching $194.00. 17,447 shares of the company’s stock were exchanged, compared to its average volume of 6,752. The business’s fifty day simple moving average is $197.98 and its 200 day simple moving average is $197.80. Intact Financial has a one year low of $180.00 and a one year high of $256.31.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Scotiabank reiterated an “outperform” rating on shares of Intact Financial in a research note on Friday, January 30th. National Bankshares restated an “outperform” rating on shares of Intact Financial in a report on Monday, October 27th. Jefferies Financial Group raised Intact Financial to a “buy” rating in a research report on Tuesday, October 21st. Finally, Barclays reiterated an “overweight” rating on shares of Intact Financial in a report on Wednesday, November 5th. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy”.

Intact Financial Company Profile

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.