Insider Selling: Intact Financial Co. (TSE:IFC) Senior Officer Sells 6,000 Shares of Stock

Intact Financial Co. (TSE:IFC) Senior Officer Charles Brindamour sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of C$268.50, for a total value of C$1,611,000.00.

Intact Financial Trading Up 0.2 %

Shares of TSE:IFC traded up C$0.50 during mid-day trading on Thursday, reaching C$266.99. 10,680 shares of the company’s stock were exchanged, compared to its average volume of 284,995. The firm has a market capitalization of C$47.62 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 2.01 and a beta of 0.57. Intact Financial Co. has a twelve month low of C$197.82 and a twelve month high of C$275.00. The business’s fifty day moving average price is C$264.64 and its 200-day moving average price is C$247.74. The company has a debt-to-equity ratio of 31.26, a quick ratio of 0.28 and a current ratio of 0.36.

Intact Financial Dividend Announcement

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 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%.

Wall Street Analyst Weigh In

IFC has been the subject of several recent analyst reports. Jefferies Financial Group cut their price objective on shares of Intact Financial from C$264.00 to C$262.00 and set a “hold” rating for the company in a research report on Thursday, August 22nd. CIBC upped their price target on shares of Intact Financial from C$250.00 to C$270.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. BMO Capital Markets boosted their price objective on shares of Intact Financial from C$275.00 to C$290.00 in a research report on Thursday, November 7th. National Bankshares lifted their price target on Intact Financial from C$294.00 to C$296.00 in a research note on Wednesday, November 6th. Finally, Raymond James raised their price objective on Intact Financial from C$264.00 to C$290.00 in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$274.90.

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.