Intact Financial Co. (OTCMKTS:IFCZF) Receives Consensus Rating of “Moderate Buy” from Brokerages

Intact Financial Co. (OTCMKTS:IFCZF) has been given a consensus rating of “Moderate Buy” by the seven analysts that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company.

IFCZF has been the subject of a number of recent research reports. Scotiabank reissued an “outperform” rating on shares of Intact Financial in a report on Friday, July 24th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Intact Financial in a report on Friday, July 10th. TD Securities reaffirmed a “buy” rating on shares of Intact Financial in a research report on Wednesday, July 29th. Barclays reaffirmed an “overweight” rating on shares of Intact Financial in a research report on Wednesday, July 29th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Intact Financial in a research report on Thursday.

Intact Financial Price Performance

OTCMKTS:IFCZF opened at $204.03 on Tuesday. Intact Financial has a one year low of $174.43 and a one year high of $226.09. The company has a market cap of $35.98 billion and a PE ratio of 15.68. The firm has a 50-day moving average of $203.20 and a 200-day moving average of $193.32.

Intact Financial (OTCMKTS:IFCZF) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $3.16 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.24. The business had revenue of $4.22 billion for the quarter, compared to analysts’ expectations of $4.28 billion. Intact Financial had a net margin of 11.45% and a return on equity of 16.95%.

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.