Intact Financial (OTCMKTS:IFCZF) Reaches New 1-Year Low – Here’s What Happened

Intact Financial Co. (OTCMKTS:IFCZF)’s share price reached a new 52-week low on Friday . The stock traded as low as $178.4790 and last traded at $178.83, with a volume of 7 shares changing hands. The stock had previously closed at $181.59.

Analyst Upgrades and Downgrades

IFCZF has been the subject of several research reports. TD Securities reiterated a “buy” rating on shares of Intact Financial in a research report on Wednesday, February 11th. Scotiabank restated an “outperform” rating on shares of Intact Financial in a research report on Friday, January 30th. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy”.

Intact Financial Stock Down 1.9%

The business’s 50-day simple moving average is $188.29 and its 200 day simple moving average is $194.01. The firm has a market capitalization of $31.40 billion and a P/E ratio of 44.83.

Intact Financial (OTCMKTS:IFCZF) last issued its earnings results on Tuesday, February 10th. The company reported $3.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.65 by ($0.70). Intact Financial had a return on equity of 19.53% and a net margin of 11.79%.The business had revenue of $4.39 billion for the quarter, compared to analysts’ expectations of $5.93 billion.

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.