Intact Financial (TSE:IFC) Hits New 12-Month Low - Here's What Happened

Key Points

• Intact Financial hit a new 52-week low—shares traded as low as C$251.63 (last C$251.74) with about 586,280 shares changing hands.
• A number of analysts have trimmed targets recently, but the consensus remains a “Moderate Buy” with an average price target of C$317.91.
• Recent fundamentals: market cap C$44.73 billion, P/E 15.08, quarterly EPS C$4.46 on C$6.45 billion revenue, and both the 50‑day and 200‑day moving averages (~C$278) sit above the current share price.

Intact Financial Co. (TSE:IFC - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$251.63 and last traded at C$251.74, with a volume of 586280 shares trading hands. The stock had previously closed at C$258.45.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on IFC. TD Securities reduced their price objective on shares of Intact Financial from C$359.00 to C$346.00 in a research note on Wednesday, October 22nd. Barclays boosted their price objective on Intact Financial from C$312.00 to C$318.00 in a research note on Wednesday, November 5th. Royal Bank Of Canada cut their target price on Intact Financial from C$324.00 to C$304.00 in a research note on Thursday, November 6th. Scotiabank decreased their price target on Intact Financial from C$339.00 to C$318.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 22nd. Finally, Desjardins lowered their price target on shares of Intact Financial from C$335.00 to C$305.00 and set a "buy" rating on the stock in a report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$317.91.

Intact Financial Stock Performance

The company has a market cap of C$44.73 billion, a P/E ratio of 15.08, a P/E/G ratio of 2.01 and a beta of 0.14. The stock has a 50-day moving average of C$278.43 and a two-hundred day moving average of C$277.49.

Intact Financial (TSE:IFC - Get Free Report) last posted its quarterly earnings results on Tuesday, November 4th. The company reported C$4.46 earnings per share for the quarter. Intact Financial had a net margin of 8.60% and a return on equity of 13.13%. The business had revenue of C$6.45 billion during the quarter. As a group, sell-side analysts forecast that Intact Financial Co. will post 16.1721014 EPS for the current fiscal year.

About Intact Financial

Intact Financial Corp is a property and casualty insurance company that provides written premiums in Canada. The company distributes insurance under the Intact Insurance brand through a network of brokers and a wholly-owned subsidiary, BrokerLink, and directly to consumers through Belairdirect. Most of the company's direct premiums are written in the personal automotive space. Intact directly manages its investments through subsidiary Intact Investment Management. The vast majority of these invested assets are fixed-income securities.

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