Intact Financial Co. (TSE:IFC) Senior Officer Frédéric Cotnoir Sells 2,200 Shares

Intact Financial Co. (TSE:IFCGet Free Report) Senior Officer Frédéric Cotnoir sold 2,200 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of C$228.12, for a total value of C$501,861.80.

Intact Financial Price Performance

IFC stock opened at C$227.18 on Tuesday. Intact Financial Co. has a 1 year low of C$188.22 and a 1 year high of C$237.25. The company has a debt-to-equity ratio of 32.83, a quick ratio of 0.28 and a current ratio of 0.35. The stock’s 50 day moving average price is C$224.39 and its 200 day moving average price is C$217.01. The firm has a market cap of C$40.51 billion, a P/E ratio of 26.39, a PEG ratio of 2.01 and a beta of 0.53.

Intact Financial (TSE:IFCGet Free Report) last posted its earnings results on Tuesday, May 7th. The company reported C$3.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$3.43 by C$0.20. Intact Financial had a return on equity of 10.00% and a net margin of 5.55%. The firm had revenue of C$7.06 billion for the quarter, compared to analyst estimates of C$8.33 billion. On average, sell-side analysts expect that Intact Financial Co. will post 14.6728435 earnings per share for the current fiscal year.

Intact Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Friday, June 14th. Intact Financial’s dividend payout ratio is presently 56.21%.

Analysts Set New Price Targets

Several analysts have commented on IFC shares. Desjardins upped their price objective on Intact Financial from C$235.00 to C$238.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Jefferies Financial Group boosted their target price on Intact Financial from C$231.00 to C$242.00 in a research report on Thursday, May 9th. National Bankshares boosted their target price on Intact Financial from C$247.00 to C$260.00 in a research report on Thursday, May 9th. CIBC boosted their target price on Intact Financial from C$225.00 to C$250.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Finally, Royal Bank of Canada upped their price target on Intact Financial from C$226.00 to C$243.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 8th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$247.30.

View Our Latest Report on Intact Financial

About Intact Financial

(Get Free Report)

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.

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