Intact Financial (TSE:IFC) Price Target Raised to C$247.00

Intact Financial (TSE:IFC) had its target price increased by National Bankshares from C$245.00 to C$247.00 in a research report sent to investors on Tuesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other analysts have also commented on the company. Desjardins lifted their target price on Intact Financial from C$235.00 to C$238.00 and gave the stock a buy rating in a report on Tuesday, April 16th. Royal Bank of Canada lifted their price target on shares of Intact Financial from C$229.00 to C$236.00 and gave the stock a sector perform rating in a research note on Monday. TD Securities upped their price objective on Intact Financial from C$225.00 to C$235.00 and gave the company a buy rating in a research report on Wednesday, February 14th. Raymond James boosted their price target on Intact Financial from C$221.00 to C$247.00 in a research note on Wednesday, February 14th. Finally, BMO Capital Markets increased their price objective on shares of Intact Financial from C$230.00 to C$240.00 and gave the stock an outperform rating in a research note on Thursday, February 15th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Intact Financial currently has an average rating of Moderate Buy and a consensus price target of C$240.11.

Intact Financial Trading Down 0.2 %

TSE IFC opened at C$228.40 on Tuesday. The company has a quick ratio of 0.28, a current ratio of 0.38 and a debt-to-equity ratio of 34.90. The firm has a market capitalization of C$40.73 billion, a PE ratio of 32.68, a P/E/G ratio of 2.01 and a beta of 0.54. The stock’s 50 day moving average is C$223.54 and its 200 day moving average is C$212.42. Intact Financial has a twelve month low of C$188.22 and a twelve month high of C$237.25.

Intact Financial (TSE:IFC) last posted its quarterly earnings data on Tuesday, February 13th. The company reported C$3.47 EPS for the quarter, topping the consensus estimate of C$3.44 by C$0.03. The business had revenue of C$6.53 billion for the quarter. Intact Financial had a net margin of 4.59% and a return on equity of 8.16%. Research analysts forecast that Intact Financial will post 14.4651774 earnings per share for the current fiscal year.

Intact Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $1.21 dividend. This represents a $4.84 annualized dividend and a yield of 2.12%. This is a positive change from Intact Financial’s previous quarterly dividend of $1.10. The ex-dividend date was Thursday, March 14th. Intact Financial’s dividend payout ratio is currently 69.24%.

Insider Buying and Selling at Intact Financial

In other news, Senior Officer Benoit Morissette sold 7,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of C$226.23, for a total value of C$1,583,589.00. Insiders own 0.23% of the company’s stock.

About Intact Financial

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. The company offers insurance, such as personal auto which provides coverage from accidents, third party liability, and physical damage; personal property which provides protection for homes and contents from risks, including fire, theft, vandalism, water damages, other damages, and personal liability; and commercial line and specialty line insurance which provides commercial auto, property, and liability coverages.