Intact Financial (OTCMKTS:IFCZF) Shares Gap Down – Time to Sell?

Intact Financial Co. (OTCMKTS:IFCZF) gapped down before the market opened on Monday . The stock had previously closed at $187.56, but opened at $176.77. Intact Financial shares last traded at $187.2650, with a volume of 6 shares.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Scotiabank reiterated an “outperform” rating on shares of Intact Financial in a research report on Friday, January 30th. Barclays reiterated an “overweight” rating on shares of Intact Financial in a research report on Wednesday, May 6th. Finally, TD Securities reaffirmed a “buy” rating on shares of Intact Financial in a research note on Wednesday, May 6th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy”.

Intact Financial Trading Down 0.1%

The firm’s fifty day moving average price is $184.96 and its 200 day moving average price is $192.49. The firm has a market capitalization of $33.75 billion and a PE ratio of 14.05.

Intact Financial (OTCMKTS:IFCZF) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $3.16 EPS for the quarter, beating the consensus estimate of $2.92 by $0.24. Intact Financial had a net margin of 12.02% and a return on equity of 19.54%. The business had revenue of $4.22 billion for the quarter, compared to analysts’ expectations of $4.28 billion.

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.