Intact Financial (OTCMKTS:IFCZF) Hits New 52-Week Low – Here’s Why

Intact Financial Co. (OTCMKTS:IFCZF) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $176.05 and last traded at $176.05, with a volume of 845 shares traded. The stock had previously closed at $181.28.

Analyst Ratings Changes

IFCZF has been the subject of several recent research reports. 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 report on Friday, January 30th. Six analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy”.

Intact Financial Price Performance

The business has a fifty day moving average price of $187.53 and a 200 day moving average price of $193.54. The company has a market capitalization of $31.22 billion and a price-to-earnings ratio of 13.38.

Intact Financial (OTCMKTS:IFCZF) last announced its earnings results on Tuesday, February 10th. The company reported $3.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 11.79% and a return on equity of 19.53%.

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.