Intact Financial (TSE:IFC – Free Report) had its price target hoisted by Scotiabank from C$222.00 to C$227.00 in a report issued on Monday, BayStreet.CA reports. They currently have an outperform rating on the stock.
IFC has been the topic of a number of other research reports. UBS Group reduced their price objective on Intact Financial from C$210.00 to C$207.00 in a research note on Thursday, August 10th. National Bankshares set a C$230.00 price objective on Intact Financial and gave the stock an outperform rating in a research note on Wednesday, September 13th. Raymond James reduced their price objective on Intact Financial from C$224.00 to C$221.00 and set an outperform rating on the stock in a research note on Tuesday, July 11th. TD Securities set a C$220.00 target price on Intact Financial and gave the company a buy rating in a research report on Wednesday, September 13th. Finally, Desjardins set a C$225.00 target price on Intact Financial and gave the company a buy rating in a research report on Wednesday, October 18th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, Intact Financial currently has a consensus rating of Buy and a consensus price target of C$220.91.
Intact Financial Stock Up 2.2 %
Intact Financial (TSE:IFC – Get Free Report) last released its quarterly earnings data on Wednesday, August 2nd. The company reported C$2.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$2.54 by C($0.24). Intact Financial had a return on equity of 8.51% and a net margin of 6.62%. The firm had revenue of C$5.49 billion during the quarter. Research analysts predict that Intact Financial will post 13.8929863 EPS for the current fiscal year.
Intact Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend was Thursday, September 14th. Intact Financial’s payout ratio is currently 61.62%.
Intact Financial Company Profile
Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally. 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, as well as travel insurance.
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