Intact Financial (TSE:IFC) Hits New 1-Year High – What’s Next?

Intact Financial Co. (TSE:IFC)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$25.97 and last traded at C$297.69, with a volume of 64169 shares changing hands. The stock had previously closed at C$298.79.

Analyst Ratings Changes

IFC has been the subject of several research analyst reports. TD reduced their price objective on Intact Financial from C$354.00 to C$347.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Royal Bank Of Canada dropped their price target on Intact Financial from C$304.00 to C$289.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 7th. Raymond James Financial reduced their price objective on Intact Financial from C$310.00 to C$305.00 and set an “outperform” rating for the company in a research report on Wednesday, May 6th. National Bank Financial raised their target price on Intact Financial from C$364.00 to C$372.00 in a research report on Wednesday, April 29th. Finally, Jefferies Financial Group boosted their price target on Intact Financial from C$306.00 to C$324.00 in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$322.18.

Intact Financial Trading Down 0.4%

The stock has a 50 day moving average of C$272.09 and a 200-day moving average of C$265.98. The company has a market capitalization of C$52.62 billion, a P/E ratio of 15.85, a P/E/G ratio of 2.01 and a beta of 0.29. The company has a current ratio of 1.69, a quick ratio of 0.28 and a debt-to-equity ratio of 23.33.

Intact Financial (TSE:IFC) last issued its quarterly earnings results on Tuesday, May 5th. The company reported C$4.61 earnings per share for the quarter. The business had revenue of C$5.83 billion for the quarter. Intact Financial had a net margin of 12.76% and a return on equity of 16.93%. On average, research analysts predict that Intact Financial Co. will post 16.1721014 EPS for the current 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.