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

Shares of Intact Financial Co. (TSE:IFC) have earned an average rating of “Moderate Buy” from the ten ratings firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$274.90.

IFC has been the topic of several analyst reports. Raymond James upped their target price on shares of Intact Financial from C$264.00 to C$290.00 in a report on Wednesday, November 6th. TD Securities upped their price objective on shares of Intact Financial from C$293.00 to C$300.00 in a research note on Wednesday, November 6th. Scotiabank lifted their target price on shares of Intact Financial from C$281.00 to C$283.00 in a research note on Thursday, November 7th. National Bankshares increased their price target on Intact Financial from C$294.00 to C$296.00 in a research report on Wednesday, November 6th. Finally, BMO Capital Markets lifted their price objective on Intact Financial from C$275.00 to C$290.00 in a research report on Thursday, November 7th.

Intact Financial Trading Up 0.5 %

Shares of IFC opened at C$264.20 on Friday. The stock has a 50 day simple moving average of C$267.24 and a 200-day simple moving average of C$253.07. The company has a current ratio of 0.36, a quick ratio of 0.28 and a debt-to-equity ratio of 31.26. The stock has a market cap of C$47.12 billion, a PE ratio of 23.26, a PEG ratio of 2.01 and a beta of 0.57. Intact Financial has a 1 year low of C$200.08 and a 1 year high of C$275.84.

Intact Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Monday, December 16th. Intact Financial’s dividend payout ratio (DPR) is currently 42.61%.

Insider Buying and Selling at Intact Financial

In other Intact Financial news, Senior Officer Charles Brindamour sold 6,000 shares of Intact Financial stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of C$268.50, for a total value of C$1,611,000.00. Also, Senior Officer Darren Christopher Godfrey sold 1,850 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of C$272.50, for a total transaction of C$504,125.00. Over the last quarter, insiders have sold 8,865 shares of company stock valued at $2,385,573. 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.