Intact Financial Co. (TSE:IFC) Receives C$265.50 Average PT from Analysts

Intact Financial Co. (TSE:IFC) has been given an average recommendation of “Moderate Buy” by the ten analysts that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$264.40.

A number of brokerages have commented on IFC. National Bankshares increased their price objective on shares of Intact Financial from C$260.00 to C$265.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. CIBC boosted their price objective on shares of Intact Financial from C$250.00 to C$270.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. BMO Capital Markets increased their price objective on Intact Financial from C$250.00 to C$275.00 in a research report on Thursday, August 1st. Desjardins boosted their target price on Intact Financial from C$250.00 to C$255.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Finally, Royal Bank of Canada raised their price target on Intact Financial from C$226.00 to C$243.00 and gave the company a “sector perform” rating in a report on Wednesday, May 8th.

Intact Financial Stock Performance

TSE:IFC opened at C$252.52 on Monday. The stock has a market capitalization of C$45.04 billion, a P/E ratio of 22.25, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57. Intact Financial has a 1 year low of C$188.22 and a 1 year high of C$263.74. The firm has a 50 day moving average of C$239.45 and a 200-day moving average of C$229.55. 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 (TSE:IFC) last issued its quarterly earnings data on Tuesday, July 30th. The company reported C$4.86 earnings per share (EPS) for the quarter, beating the consensus estimate of C$3.61 by C$1.25. The firm had revenue of C$7.07 billion during 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%. As a group, sell-side analysts anticipate that Intact Financial will post 15.4382979 EPS for the current fiscal year.

Intact Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be paid a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Friday, September 13th. Intact Financial’s payout ratio is 42.64%.

Insider Activity at Intact Financial

In other news, Senior Officer Louis Gagnon sold 10,000 shares of Intact Financial stock in a transaction on Thursday, June 6th. The shares were sold at an average price of C$229.56, for a total transaction of C$2,295,607.00. In other news, Senior Officer Louis Gagnon sold 10,000 shares of the firm’s 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. Also, Senior Officer Frédéric Cotnoir sold 2,200 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of C$228.12, for a total value of C$501,861.80. Over the last 90 days, insiders sold 32,200 shares of company stock worth $7,309,123. 0.24% of the stock is currently owned by company insiders.

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.