Intact Financial (OTCMKTS:IFCZF – Get Free Report) released its quarterly earnings data on Tuesday. The company reported $3.95 earnings per share for the quarter, missing analysts’ consensus estimates of $4.65 by ($0.70), Zacks reports. The business had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $5.93 billion.
Intact Financial Stock Down 3.2%
IFCZF opened at $187.73 on Thursday. The business has a 50 day moving average price of $197.75 and a two-hundred day moving average price of $197.53. Intact Financial has a 52 week low of $180.00 and a 52 week high of $256.31.
Wall Street Analysts Forecast Growth
IFCZF has been the topic of several research analyst reports. Barclays reiterated an “overweight” rating on shares of Intact Financial in a research note on Wednesday, November 5th. National Bank Financial reiterated an “outperform” rating on shares of Intact Financial in a research report on Monday, October 27th. Jefferies Financial Group raised Intact Financial to a “buy” rating in a research report on Tuesday, October 21st. TD Securities restated a “buy” rating on shares of Intact Financial in a research note on Wednesday. Finally, Scotiabank reiterated an “outperform” rating on shares of Intact Financial in a research note on Friday, January 30th. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus 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.
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