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

Intact Financial (OTCMKTS:IFCZF) announced its quarterly earnings results 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 Trading Up 2.8%

OTCMKTS IFCZF traded up $5.83 on Tuesday, hitting $216.12. The company’s stock had a trading volume of 81,817 shares, compared to its average volume of 12,426. Intact Financial has a 52-week low of $174.43 and a 52-week high of $226.09. The company’s 50-day simple moving average is $202.66 and its 200 day simple moving average is $193.13. The firm has a market cap of $38.11 billion and a P/E ratio of 15.90.

Wall Street Analysts Forecast Growth

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