Intact Financial (TSE:IFC) Hits New 12-Month High – Still a Buy?

Intact Financial Co. (TSE:IFC) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$26.38 and last traded at C$267.92, with a volume of 552398 shares traded. The stock had previously closed at C$272.58.

Analyst Ratings Changes

IFC has been the subject of several recent research reports. National Bank Financial increased their price target on Intact Financial from C$372.00 to C$379.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Jefferies Financial Group boosted their price target on Intact Financial from C$343.00 to C$351.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Desjardins dropped their price objective on Intact Financial from C$305.00 to C$300.00 and set a “buy” rating on the stock in a research note on Monday, April 27th. Royal Bank Of Canada increased their price objective on Intact Financial from C$299.00 to C$308.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. Finally, Scotiabank decreased their target price on shares of Intact Financial from C$330.00 to C$325.00 and set a “sector outperform” rating for the company in a research note on Thursday, July 30th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$331.09.

Intact Financial Price Performance

The company has a market capitalization of C$47.25 billion, a P/E ratio of 14.90, a price-to-earnings-growth ratio of 2.01 and a beta of 0.30. The company’s 50-day moving average price is C$286.63 and its two-hundred day moving average price is C$268.26. The company has a debt-to-equity ratio of 23.22, a current ratio of 7.21 and a quick ratio of 0.28.

Intact Financial (TSE:IFC) last announced its earnings results on Tuesday, July 28th. The company reported C$4.33 EPS for the quarter. Intact Financial had a net margin of 12.04% and a return on equity of 15.73%. The business had revenue of C$5.94 billion during the quarter. As a group, sell-side analysts expect that Intact Financial Co. will post 16.1721014 EPS 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.