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

Intact Financial Co. (TSE:IFC) has earned a consensus rating of “Moderate Buy” from the ten research firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$264.40.

IFC has been the topic of a number of recent research reports. TD Securities raised their price target on shares of Intact Financial from C$270.00 to C$282.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Cormark raised their target price on Intact Financial from C$250.00 to C$260.00 and gave the company a “buy” rating in a report on Thursday, August 1st. CIBC upped their price target on Intact Financial from C$250.00 to C$270.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Scotiabank cut their price objective on Intact Financial from C$272.00 to C$263.00 and set an “outperform” rating on the stock in a research note on Thursday, August 22nd. Finally, 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 report on Monday, July 29th.

Intact Financial Stock Performance

Shares of IFC stock opened at C$251.84 on Friday. Intact Financial has a fifty-two week low of C$188.27 and a fifty-two week high of C$263.74. The stock’s 50-day moving average is C$248.42 and its two-hundred day moving average is C$233.41. The company has a debt-to-equity ratio of 31.26, a current ratio of 0.36 and a quick ratio of 0.28. 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.

Intact Financial (TSE:IFC) last released its quarterly earnings data on Tuesday, July 30th. The company reported C$4.86 EPS for the quarter, topping analysts’ consensus estimates of C$3.61 by C$1.25. The firm had revenue of C$7.07 billion for 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%. Analysts predict that Intact Financial will post 15.9993679 earnings per share for the current fiscal year.

Intact Financial Announces Dividend

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

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.