Intact Financial Co. (TSE:IFC) Receives C$274.90 Average Price Target from Analysts

Shares of Intact Financial Co. (TSE:IFC) have been assigned an average rating of “Moderate Buy” from the ten research firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$274.90.

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

Insider Activity

In related news, Senior Officer Kenneth Anderson sold 2,000 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$253.88, for a total value of C$507,759.00. Also, Senior Officer Marie-Lucie Paradis sold 565 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of C$266.23, for a total value of C$150,419.95. Insiders have sold 10,565 shares of company stock worth $2,779,179 in the last quarter. Corporate insiders own 0.24% of the company’s stock.

Intact Financial Price Performance

Shares of TSE IFC opened at C$266.67 on Wednesday. The business’s 50 day moving average price is C$265.17 and its 200 day moving average price is C$248.30. The firm has a market cap of C$47.56 billion, a P/E ratio of 23.47, a P/E/G ratio of 2.01 and a beta of 0.57. Intact Financial has a 52 week low of C$197.82 and a 52 week high of C$275.00. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $1.21 per share. The ex-dividend date is Monday, December 16th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.81%. Intact Financial’s dividend payout ratio (DPR) is 42.61%.

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.