Intact Financial (TSE:IFC) Stock Passes Above 200 Day Moving Average – Should You Sell?

Intact Financial Co. (TSE:IFC)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$251.63 and traded as high as C$261.62. Intact Financial shares last traded at C$258.63, with a volume of 255,902 shares traded.

Analyst Ratings Changes

Several research firms have weighed in on IFC. BMO Capital Markets raised their target price on Intact Financial from C$275.00 to C$290.00 in a report on Thursday, November 7th. National Bankshares raised their price objective on Intact Financial from C$294.00 to C$296.00 in a research note on Wednesday, November 6th. Scotiabank upped their target price on Intact Financial from C$281.00 to C$283.00 in a research report on Thursday, November 7th. Jefferies Financial Group lowered their price target on Intact Financial from C$264.00 to C$262.00 and set a “hold” rating on the stock in a report on Thursday, August 22nd. Finally, TD Securities boosted their price objective on shares of Intact Financial from C$293.00 to C$300.00 in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$274.90.

Intact Financial Stock Down 0.6 %

The firm has a 50-day moving average price of C$267.15 and a two-hundred day moving average price of C$251.63. The company has a market capitalization of C$46.13 billion, a P/E ratio of 22.77, a PEG ratio of 2.01 and a beta of 0.57. The company has a quick ratio of 0.28, a current ratio of 0.36 and a debt-to-equity ratio of 31.26.

Intact Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a $1.21 dividend. The ex-dividend date is Monday, December 16th. This represents a $4.84 annualized dividend and a yield of 1.87%. Intact Financial’s dividend payout ratio is 42.61%.

Insider Transactions at Intact Financial

In other news, Senior Officer Marie-Lucie Paradis sold 565 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of C$266.23, for a total transaction of C$150,419.95. Also, Senior Officer Charles Brindamour sold 6,000 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of C$268.50, for a total value of C$1,611,000.00. In the last 90 days, insiders have sold 10,865 shares of company stock worth $2,893,332. 0.24% of the stock is currently owned by company insiders.

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.