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

Intact Financial Co. (TSE:IFC) has received an average rating of “Moderate Buy” from the ten ratings firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$274.90.

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

Intact Financial Stock Performance

Shares of IFC stock opened at C$258.07 on Thursday. The firm has a 50 day moving average of C$263.59 and a two-hundred day moving average of C$257.16. The stock has a market capitalization of C$46.03 billion, a PE ratio of 22.72, a P/E/G ratio of 2.01 and a beta of 0.57. The company has a quick ratio of 0.28, a current ratio of 0.36 and a debt-to-equity ratio of 31.26. Intact Financial has a 52 week low of C$206.57 and a 52 week high of C$275.84.

Intact Financial (TSE:IFC) last released its earnings results on Tuesday, November 5th. The company reported C$1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.29 by C$0.72. Intact Financial had a return on equity of 12.93% and a net margin of 7.14%. During the same period last year, the firm earned $2.10 earnings per share. On average, research analysts predict that Intact Financial will post 16.1721014 EPS for the current fiscal year.

Intact Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a $1.21 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.88%. Intact Financial’s payout ratio is 42.61%.

Insider Buying and Selling

In other news, Senior Officer Charles Brindamour sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of C$268.50, for a total transaction of C$1,611,000.00. Also, Senior Officer Frédéric Cotnoir sold 450 shares of Intact Financial stock in a transaction on Friday, November 29th. The shares were sold at an average price of C$266.73, for a total transaction of C$120,028.50. Insiders sold a total of 8,865 shares of company stock worth $2,385,573 in the last 90 days. 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.