Intact Financial Co. (OTCMKTS:IFCZF) Short Interest Update

Intact Financial Co. (OTCMKTS:IFCZF) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 1,040,332 shares, a growth of 63.2% from the May 14th total of 637,544 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 1,472 shares, the days-to-cover ratio is currently 706.7 days.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on IFCZF shares. Barclays reiterated an “overweight” rating on shares of Intact Financial in a report on Wednesday, May 6th. TD Securities reiterated a “buy” rating on shares of Intact Financial in a research note on Wednesday, May 6th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Intact Financial Stock Performance

Intact Financial stock opened at $195.36 on Tuesday. The stock has a market cap of $34.50 billion and a PE ratio of 14.37. The stock has a 50-day moving average of $190.84 and a two-hundred day moving average of $192.71. Intact Financial has a one year low of $174.43 and a one year high of $256.31.

Intact Financial (OTCMKTS:IFCZF) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $3.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.92 by $0.24. Intact Financial had a return on equity of 19.25% and a net margin of 12.02%.The business had revenue of $4.22 billion for the quarter, compared to analyst estimates 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.