Intact Financial (OTCMKTS:IFCZF) Issues Quarterly Earnings Results, Misses Expectations By $0.15 EPS

Intact Financial (OTCMKTS:IFCZF) posted its quarterly earnings data on Tuesday. The company reported $2.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.15), Zacks reports. Intact Financial had a return on equity of 19.25% and a net margin of 12.02%.

Intact Financial Stock Performance

Shares of OTCMKTS:IFCZF traded up $5.71 during trading on Tuesday, reaching $216.00. 81,817 shares of the stock traded hands, compared to its average volume of 11,851. The stock has a market cap of $38.09 billion and a P/E ratio of 15.89. The stock has a 50-day moving average of $202.66 and a two-hundred day moving average of $193.13. Intact Financial has a 52-week low of $174.43 and a 52-week high of $226.09.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on IFCZF shares. Scotiabank restated an “outperform” rating on shares of Intact Financial in a report on Friday. Barclays reiterated an “overweight” rating on shares of Intact Financial in a research note on Tuesday, July 7th. TD Securities reissued a “buy” rating on shares of Intact Financial in a research report on Wednesday, May 6th. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Intact Financial in a research note on Friday, July 10th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

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.