Intact Financial (TSE:IFC) Hits New 1-Year Low - Should You Sell?

Key Points

• Intact Financial shares hit a new 52-week low, trading as low as C$22.80 in the article, although the reported closing and last-traded prices were approximately C$250.70.
• Analysts remain broadly positive, with eight Buy ratings and two Holds, a consensus “Moderate Buy” rating, and an average price target of C$331.09.
• The company reported quarterly EPS of C$4.33 on C$5.94 billion in revenue, alongside a 15.73% return on equity and a 12.04% net margin.

Intact Financial Co. (TSE:IFC - Get Free Report)'s stock price reached a new 52-week low during trading on Thursday . The company traded as low as C$22.80 and last traded at C$250.69, with a volume of 69980 shares trading hands. The stock had previously closed at C$250.76.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. National Bank Financial lifted their price objective on Intact Financial from C$372.00 to C$379.00 and gave the company an "outperform" rating in a report on Monday, July 27th. Barclays cut their target price on Intact Financial from C$352.00 to C$344.00 and set an "overweight" rating for the company in a research report on Wednesday, July 29th. Jefferies Financial Group upped their price target on Intact Financial from C$343.00 to C$351.00 and gave the company a "buy" rating in a research report on Monday, July 27th. TD dropped their price objective on Intact Financial from C$347.00 to C$345.00 and set a "buy" rating for the company in a research note on Wednesday, July 29th. Finally, Canadian Imperial Bank of Commerce cut their price objective on Intact Financial from C$314.00 to C$311.00 in a report on Thursday, July 30th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Intact Financial has a consensus rating of "Moderate Buy" and an average target price of C$331.09.

Intact Financial Trading Up 0.0%

The company has a market capitalization of C$44.23 billion, a price-to-earnings ratio of 13.95, a P/E/G ratio of 2.01 and a beta of 0.26. The company has a debt-to-equity ratio of 23.22, a quick ratio of 0.28 and a current ratio of 7.21. The business's 50-day simple moving average is C$272.17 and its 200-day simple moving average is C$269.02.

Intact Financial (TSE:IFC - Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported C$4.33 earnings per share (EPS) for the quarter. Intact Financial had a return on equity of 15.73% and a net margin of 12.04%.The company had revenue of C$5.94 billion during the quarter. On average, research analysts expect that Intact Financial Co. will post 16.1721014 earnings per share 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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