Intact Financial (TSE:IFC) Stock Crosses Above 200 Day Moving Average – What’s Next?

Intact Financial Co. (TSE:IFC)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$245.78 and traded as high as C$268.87. Intact Financial shares last traded at C$268.34, with a volume of 299,314 shares trading hands.

Analyst Ratings Changes

A number of research firms have recently weighed in on IFC. National Bankshares lifted their target price on Intact Financial from C$294.00 to C$296.00 in a report on Wednesday, November 6th. BMO Capital Markets upped their price target on shares of Intact Financial from C$275.00 to C$290.00 in a report on Thursday, November 7th. Cormark boosted their target price on shares of Intact Financial from C$250.00 to C$260.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Jefferies Financial Group cut their price objective on Intact Financial from C$264.00 to C$262.00 and set a “hold” rating on the stock in a research note on Thursday, August 22nd. Finally, Scotiabank boosted their price target on shares of Intact Financial from C$281.00 to C$283.00 in a research report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Intact Financial currently has an average rating of “Moderate Buy” and an average target price of C$274.90.

Intact Financial Trading Up 1.2 %

The business has a fifty day moving average of C$263.08 and a 200-day moving average of C$246.36. The company has a debt-to-equity ratio of 31.26, a quick ratio of 0.28 and a current ratio of 0.36. The company has a market capitalization of C$48.55 billion, a P/E ratio of 23.96, a PEG ratio of 2.01 and a beta of 0.57.

Intact Financial Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Monday, December 16th. Intact Financial’s dividend payout ratio (DPR) is presently 42.61%.

Insider Activity at Intact Financial

In other news, Senior Officer Marie-Lucie Paradis sold 565 shares of Intact Financial stock in a transaction 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 Kenneth Anderson sold 2,000 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$253.88, for a total transaction of C$507,759.00. Insiders have sold a total of 4,565 shares of company stock valued at $1,168,179 over the last 90 days. Insiders own 0.24% of the company’s stock.

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.