Intact Financial (TSE:IFC) Reaches New 1-Year Low - Here's Why

Key Points

• Intact Financial's shares hit a new 52-week low, trading as low as C$243.95 (last C$244.28) on Wednesday with about 509,812 shares changing hands, trading below its 50‑day (C$256.91) and 200‑day (C$267.88) moving averages.
• Analyst sentiment is mostly positive with a consensus rating of "Moderate Buy" and a consensus target of C$318.10; several firms trimmed targets (Raymond James to C$310, Jefferies to C$306) while TD Securities raised its target to C$354 and kept a Buy rating.
• Fundamentals show a market cap of C$43.37 billion, P/E of 13.31, last-quarter EPS of C$5.40 on C$7.10 billion revenue, net margin of 12.91% and ROE of 17.09%, with analysts forecasting about 16.17 EPS for the year.

Intact Financial Co. (TSE:IFC - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$243.95 and last traded at C$244.28, with a volume of 509812 shares changing hands. The stock had previously closed at C$252.08.

Analyst Ratings Changes

Several brokerages have commented on IFC. Raymond James Financial decreased their price objective on shares of Intact Financial from C$330.00 to C$310.00 in a report on Wednesday, February 11th. Jefferies Financial Group cut their target price on shares of Intact Financial from C$321.00 to C$306.00 in a research note on Thursday, February 12th. Finally, TD Securities boosted their price target on shares of Intact Financial from C$346.00 to C$354.00 and gave the company a "buy" rating in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of C$318.10.

Intact Financial Price Performance

The firm has a market cap of C$43.37 billion, a P/E ratio of 13.31, a price-to-earnings-growth ratio of 2.01 and a beta of 0.31. The company has a debt-to-equity ratio of 25.21, a current ratio of 6.11 and a quick ratio of 0.28. The firm's 50 day moving average is C$256.91 and its 200 day moving average is C$267.88.

Intact Financial (TSE:IFC - Get Free Report) last announced its earnings results on Tuesday, February 10th. The company reported C$5.40 earnings per share for the quarter. Intact Financial had a net margin of 12.91% and a return on equity of 17.09%. The business had revenue of C$7.10 billion during the quarter. As a group, analysts anticipate that Intact Financial Co. will post 16.1721014 earnings per share for the current year.

Intact Financial Company Profile

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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