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.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. 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 lifted their target price on Intact Financial from C$227.00 to C$230.00 and gave the company an "outperform" rating in a research note on Friday, July 29th. TD Securities lifted their target price on Intact Financial from C$215.00 to C$220.00 and gave the company a "buy" rating in a research note on Friday, July 29th. Raymond James lifted their target price on Intact Financial from C$206.00 to C$229.00 and gave the company a "strong-buy" rating in a research note on Tuesday, August 2nd. Finally, Scotiabank boosted their price objective on Intact Financial from C$195.00 to C$210.00 in a research note on Tuesday, August 2nd. Eight analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of C$214.21.

Intact Financial Stock Up 0.7 %

Shares of TSE:IFC traded up C$1.43 on Tuesday, reaching C$195.24. The company had a trading volume of 101,468 shares, compared to its average volume of 394,794. Intact Financial has a twelve month low of C$158.00 and a twelve month high of C$195.38. The stock has a 50-day moving average price of C$183.90 and a 200 day moving average price of C$182.45. The stock has a market capitalization of C$34.27 billion and a P/E ratio of 13.39. The company has a quick ratio of 0.27, a current ratio of 0.44 and a debt-to-equity ratio of 30.85.

Intact Financial (TSE:IFC - Get Rating) last announced its quarterly earnings results on Thursday, July 28th. The company reported C$7.29 earnings per share for the quarter, topping analysts' consensus estimates of C$2.84 by C$4.45. The company had revenue of C$5.34 billion during the quarter. On average, equities analysts expect that Intact Financial will post 13.0599999 EPS for the current year.

Insiders Place Their Bets

In related news, Senior Officer Anne Fortin sold 350 shares of the business's stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of C$191.39, for a total transaction of C$66,986.50. Following the completion of the transaction, the insider now owns 8,936 shares of the company's stock, valued at approximately C$1,710,261.04.