Intact Financial Co. (TSE:IFC) Given Average Rating of “Moderate Buy” by Brokerages

Intact Financial Co. (TSE:IFC) has been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$264.40.

IFC has been the topic of several research reports. Desjardins upped their price target on Intact Financial from C$250.00 to C$255.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. National Bankshares boosted their target price on Intact Financial from C$260.00 to C$265.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Raymond James increased their price target on Intact Financial from C$261.00 to C$269.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. CIBC boosted their price objective on Intact Financial from C$250.00 to C$270.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Finally, BMO Capital Markets raised their target price on shares of Intact Financial from C$250.00 to C$275.00 in a report on Thursday, August 1st.

Intact Financial Price Performance

TSE:IFC opened at C$251.84 on Friday. Intact Financial has a 52-week low of C$188.27 and a 52-week high of C$263.74. The company has a quick ratio of 0.28, a current ratio of 0.36 and a debt-to-equity ratio of 31.26. The firm has a market cap of C$44.92 billion, a P/E ratio of 22.21, a PEG ratio of 2.01 and a beta of 0.57. The business’s 50-day moving average price is C$248.42 and its 200 day moving average price is C$233.41.

Intact Financial (TSE:IFC) last announced its quarterly earnings data on Tuesday, July 30th. The company reported C$4.86 earnings per share (EPS) for the quarter, topping the consensus estimate of C$3.61 by C$1.25. Intact Financial had a net margin of 7.14% and a return on equity of 12.93%. The company had revenue of C$7.07 billion for the quarter, compared to analysts’ expectations of C$7.64 billion. As a group, sell-side analysts predict that Intact Financial will post 15.9993679 earnings per share for the current fiscal year.

Intact Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Friday, September 13th. Intact Financial’s dividend payout ratio is currently 42.68%.

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.