Intact Financial (OTCMKTS:IFCZF) Hits New 12-Month Low – What’s Next?

Intact Financial Co. (OTCMKTS:IFCZF)’s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $178.4790 and last traded at $178.83, with a volume of 7 shares traded. The stock had previously closed at $181.59.

Analysts Set New Price Targets

A number of research firms have issued reports on IFCZF. TD Securities reaffirmed a “buy” rating on shares of Intact Financial in a report on Wednesday, February 11th. Scotiabank reissued an “outperform” rating on shares of Intact Financial in a research report on Friday, January 30th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Intact Financial has a consensus rating of “Buy”.

Intact Financial Trading Down 0.7%

The company has a market capitalization of $31.80 billion and a PE ratio of 45.40. The stock’s fifty day moving average is $188.57 and its two-hundred day moving average is $194.23.

Intact Financial (OTCMKTS:IFCZF) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $3.95 EPS for the quarter, missing the consensus estimate of $4.65 by ($0.70). The company had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $5.93 billion. Intact Financial had a return on equity of 19.53% and a net margin of 11.79%.

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.