Intact Financial (TSE:IFC) Sets New 1-Year High at $23.70

Shares of Intact Financial Co. (TSE:IFC) reached a new 52-week high during trading on Monday . The company traded as high as C$23.70 and last traded at C$251.68, with a volume of 27308 shares traded. The stock had previously closed at C$252.52.

Analysts Set New Price Targets

Several equities analysts recently issued reports on IFC shares. TD Securities upped their target price on Intact Financial from C$270.00 to C$282.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. CIBC raised their target price on shares of Intact Financial from C$250.00 to C$270.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. National Bankshares boosted their price target on Intact Financial from C$260.00 to C$265.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Desjardins increased their target price on shares of Intact Financial from C$250.00 to C$255.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Finally, Jefferies Financial Group cut their price target on Intact Financial from C$264.00 to C$262.00 and set a “hold” rating for the company in a research note on Thursday. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$264.40.

Intact Financial Stock Up 0.1 %

The firm’s fifty day simple moving average is C$239.45 and its two-hundred day simple moving average is C$229.85. 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 company has a market capitalization of C$45.09 billion, a price-to-earnings ratio of 22.27, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57.

Intact Financial (TSE:IFC) last posted its earnings results on Tuesday, July 30th. The company reported C$4.86 EPS for the quarter, beating analysts’ consensus estimates of C$3.61 by C$1.25. The company had revenue of C$7.07 billion for the quarter, compared to the consensus estimate of C$7.64 billion. Intact Financial had a return on equity of 12.93% and a net margin of 7.14%. Sell-side analysts anticipate that Intact Financial Co. will post 15.4382979 EPS for the current year.

Intact Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Friday, September 13th. Intact Financial’s dividend payout ratio (DPR) is 42.64%.

Insider Buying and Selling

In related news, Senior Officer Louis Gagnon sold 10,000 shares of the stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of C$229.56, for a total transaction of C$2,295,607.00. In other Intact Financial news, Senior Officer Louis Gagnon sold 10,000 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of C$229.56, for a total value of C$2,295,607.00. Also, Senior Officer Frédéric Cotnoir sold 2,200 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of C$228.12, for a total value of C$501,861.80. In the last quarter, insiders sold 32,200 shares of company stock valued at $7,309,123. Company insiders own 0.24% of the company’s stock.

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.