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

Shares of Intact Financial Co. (TSE:IFC) have earned a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$236.40.

Several equities research analysts have recently issued reports on IFC shares. Scotiabank raised their price objective on shares of Intact Financial from C$252.00 to C$256.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. CIBC raised their price objective on shares of Intact Financial from C$225.00 to C$250.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Raymond James raised their price objective on shares of Intact Financial from C$221.00 to C$247.00 in a research note on Wednesday, February 14th. National Bankshares decreased their price target on shares of Intact Financial from C$250.00 to C$245.00 and set an “outperform” rating on the stock in a research note on Thursday, February 15th. Finally, Desjardins lifted their price target on shares of Intact Financial from C$230.00 to C$235.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th.

Intact Financial Price Performance

Shares of IFC opened at C$220.01 on Tuesday. The firm has a market cap of C$39.23 billion, a PE ratio of 31.47, a PEG ratio of 2.01 and a beta of 0.54. The firm’s 50 day moving average price is C$222.37 and its 200 day moving average price is C$210.33. The company has a debt-to-equity ratio of 34.90, a quick ratio of 0.28 and a current ratio of 0.38. 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 released its quarterly earnings results on Tuesday, February 13th. The company reported C$3.47 EPS for the quarter, beating analysts’ consensus estimates of C$3.44 by C$0.03. Intact Financial had a net margin of 4.59% and a return on equity of 8.16%. The company had revenue of C$6.53 billion for the quarter. As a group, research analysts expect that Intact Financial will post 14.4651774 EPS for the current fiscal year.

Intact Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $1.21 dividend. This represents a $4.84 annualized dividend and a dividend yield of 2.20%. The ex-dividend date was Thursday, March 14th. This is an increase from Intact Financial’s previous quarterly dividend of $1.10. Intact Financial’s payout ratio is currently 69.24%.

Insider Activity at Intact Financial

In other Intact Financial 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 transaction of C$1,583,589.00. 0.23% of the stock is currently owned by company insiders.

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.