Intact Financial (TSE:IFC) Reaches New 1-Year Low – Should You Sell?

Intact Financial Co. (TSE:IFC) reached a new 52-week low during mid-day trading on Monday. The company traded as low as C$242.80 and last traded at C$243.32, with a volume of 29265 shares trading hands. The stock had previously closed at C$247.09.

Wall Street Analyst Weigh In

A number of research firms have weighed in on IFC. TD lowered their target price on Intact Financial from C$347.00 to C$345.00 and set a “buy” rating for the company in a report on Wednesday, July 29th. Jefferies Financial Group lifted their price target on Intact Financial from C$343.00 to C$351.00 and gave the company a “buy” rating in a report on Monday, July 27th. Canadian Imperial Bank of Commerce reduced their price target on Intact Financial from C$314.00 to C$311.00 in a research report on Thursday, July 30th. Royal Bank Of Canada upped their price objective on Intact Financial from C$299.00 to C$308.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. Finally, National Bank Financial raised their price objective on Intact Financial from C$372.00 to C$379.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$331.09.

Intact Financial Price Performance

The company has a market cap of C$42.21 billion, a PE ratio of 13.31, a PEG ratio of 2.01 and a beta of 0.45. The company has a debt-to-equity ratio of 23.22, a current ratio of 7.21 and a quick ratio of 0.28. The stock’s 50-day moving average is C$263.55 and its 200 day moving average is C$268.50.

Intact Financial (TSE:IFC) last released its quarterly earnings results on Tuesday, July 28th. The company reported C$4.33 earnings per share (EPS) for the quarter. Intact Financial had a net margin of 12.04% and a return on equity of 15.73%. The business had revenue of C$5.94 billion for the quarter. On average, equities analysts anticipate that Intact Financial Co. will post 16.1721014 earnings per share for the current fiscal year.

Intact Financial Company Profile

Intact Financial Corp is a property and casualty insurance company that provides written premiums in Canada. The company distributes insurance under the Intact Insurance brand through a network of brokers and a wholly-owned subsidiary, BrokerLink, and directly to consumers through Belairdirect. Most of the company’s direct premiums are written in the personal automotive space. Intact directly manages its investments through subsidiary Intact Investment Management. The vast majority of these invested assets are fixed-income securities.