Intact Financial - IFC Stock Forecast, Price & News

Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, Ireland, rest of Europe, and the Middle East. It offers personal auto insurance; insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles; personal property insurance, such as protection for homes and contents from risks, including fire, theft, vandalism, water damage, and other damages, as well as personal liability coverage; and property coverage for tenants, condominium owners, non-owner occupied residences, and seasonal residences. The company also provides insurance products for commercial lines for a group of small and medium sized businesses; commercial property insurance for the protection of physical assets of the business; and liability coverages comprising commercial general, product, and professional liability, as well as cyber endorsement. In addition, it offers commercial vehicle insurance coverages for the protection for commercial auto, fleets, garage operations, light trucks, public vehicles, and the specific needs of the sharing economy. Further, the company provides various personal levels of coverage to customers for their home, motor, pet, and other insurance products; general insurance, specialty lines, and risk management solutions; specialty insurance products for various product and customer groups, including accident and health, technology, ocean and inland marine, public entities, and entertainment, as well as financial services and institutions; and various products to specialty property, surety, tuition reimbursement, management liability, cyber, and environmental institutions. The company was formerly known as ING Canada Inc. and changed its name to Intact Financial Corporation in 2009. Intact Financial Corporation was founded in 1809 and is based in Toronto, Canada.

Intact Financial Trading Up 0.8 %

Shares of TSE:IFC traded up C$1.46 during midday trading on Friday, hitting C$191.40. 263,365 shares of the stock were exchanged, compared to its average volume of 398,645. The business's 50-day moving average price is C$182.92 and its 200 day moving average price is C$181.42. Intact Financial has a 12 month low of C$158.00 and a 12 month high of C$191.56. The stock has a market capitalization of C$33.60 billion and a price-to-earnings ratio of 13.23. The company has a debt-to-equity ratio of 30.85, a quick ratio of 0.27 and a current ratio of 0.44.

Intact Financial (TSE:IFC - Get Rating) last announced its quarterly earnings data on Thursday, July 28th. The company reported C$7.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$2.84 by C$4.45. The business had revenue of C$5.34 billion during the quarter. Analysts predict that Intact Financial will post 12.9300005 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on IFC. Cormark cut their target price on Intact Financial from C$210.00 to C$200.00 in a research note on Tuesday, August 2nd. National Bankshares raised their target price on shares of Intact Financial from C$227.00 to C$230.00 and gave the stock an "outperform" rating in a research note on Friday, July 29th. Scotiabank boosted their price target on shares of Intact Financial from C$195.00 to C$210.00 in a research note on Tuesday, August 2nd. CIBC upped their target price on shares of Intact Financial from C$210.00 to C$225.00 and gave the company an "outperform" rating in a report on Thursday, May 12th. Finally, Barclays cut their price target on shares of Intact Financial from C$212.00 to C$208.00 and set a "na" rating for the company in a report on Tuesday, July 26th. Eight investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of C$214.21.