Intact Financial Co. (TSE:IFC) Receives Average Rating of “Moderate Buy” from Analysts

Intact Financial Co. (TSE:IFC) has been given an average recommendation of “Moderate Buy” by the ten analysts that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$274.90.

A number of equities research analysts have commented on IFC shares. National Bankshares raised their target price on Intact Financial from C$294.00 to C$296.00 in a report on Wednesday, November 6th. Jefferies Financial Group reduced their price objective on shares of Intact Financial from C$264.00 to C$262.00 and set a “hold” rating for the company in a research note on Thursday, August 22nd. Raymond James increased their target price on shares of Intact Financial from C$264.00 to C$290.00 in a report on Wednesday, November 6th. Cormark boosted their price target on Intact Financial from C$250.00 to C$260.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Scotiabank raised their price objective on Intact Financial from C$281.00 to C$283.00 in a research note on Thursday, November 7th.

Insider Activity at Intact Financial

In related news, Senior Officer Kenneth Anderson sold 2,000 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$253.88, for a total value of C$507,759.00. Also, Senior Officer Marie-Lucie Paradis sold 565 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of C$266.23, for a total value of C$150,419.95. In the last quarter, insiders sold 4,565 shares of company stock valued at $1,168,179. 0.24% of the stock is owned by insiders.

Intact Financial Stock Up 0.6 %

IFC opened at C$268.67 on Wednesday. The company has a debt-to-equity ratio of 31.26, a current ratio of 0.36 and a quick ratio of 0.28. Intact Financial has a 12 month low of C$197.82 and a 12 month high of C$275.00. The stock has a market capitalization of C$47.92 billion, a P/E ratio of 23.65, a P/E/G ratio of 2.01 and a beta of 0.57. The business has a 50 day simple moving average of C$264.33 and a 200-day simple moving average of C$247.47.

Intact Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Monday, December 16th. Intact Financial’s dividend payout ratio is presently 42.61%.

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. 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.