Intact Financial Co. (TSE:IFC) Announces Quarterly Dividend of $1.21

Intact Financial Co. (TSE:IFC) declared a quarterly dividend on Tuesday, July 30th, Zacks reports. Stockholders of record on Friday, September 13th will be given a dividend of 1.21 per share on Friday, September 27th. This represents a $4.84 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Friday, September 13th.

Intact Financial Trading Up 0.4 %

TSE IFC opened at C$253.11 on Wednesday. The company has a current ratio of 0.36, a quick ratio of 0.28 and a debt-to-equity ratio of 31.26. Intact Financial has a 12 month low of C$188.27 and a 12 month high of C$263.74. The company has a market capitalization of C$45.14 billion, a PE ratio of 22.32, a P/E/G ratio of 2.01 and a beta of 0.57. The stock has a 50-day simple moving average of C$245.97 and a 200 day simple moving average of C$232.41.

Intact Financial (TSE:IFC) last announced its quarterly 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. Intact Financial had a return on equity of 12.93% and a net margin of 7.14%. The company had revenue of C$7.07 billion during the quarter, compared to analysts’ expectations of C$7.64 billion. Research analysts forecast that Intact Financial will post 15.9993679 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on IFC. Jefferies Financial Group reduced their price target on shares of Intact Financial from C$264.00 to C$262.00 and set a “hold” rating on the stock in a research report on Thursday, August 22nd. Cormark lifted their target price on Intact Financial from C$250.00 to C$260.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Desjardins increased their price target on Intact Financial from C$250.00 to C$255.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. TD Securities lifted their price objective on Intact Financial from C$270.00 to C$282.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, CIBC increased their target price on Intact Financial from C$250.00 to C$270.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$264.40.

Insider Transactions at Intact Financial

In related news, Senior Officer Louis Gagnon sold 10,000 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of C$223.08, for a total value of C$2,230,768.00. 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.