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

Shares of Intact Financial Co. (TSE:IFC) have received a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating 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 analysts recently weighed in on the company. BMO Capital Markets boosted their target price on Intact Financial from C$275.00 to C$290.00 in a report on Thursday, November 7th. National Bankshares upped their price objective on shares of Intact Financial from C$294.00 to C$296.00 in a report on Wednesday, November 6th. Raymond James increased their price objective on shares of Intact Financial from C$264.00 to C$290.00 in a research report on Wednesday, November 6th. TD Securities lifted their target price on shares of Intact Financial from C$293.00 to C$300.00 in a report on Wednesday, November 6th. Finally, Scotiabank increased their price target on shares of Intact Financial from C$281.00 to C$283.00 in a report on Thursday, November 7th.

Insider Buying and Selling

In related news, Senior Officer Charles Brindamour sold 6,000 shares of Intact Financial 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 transaction of C$1,611,000.00. Also, Senior Officer Marie-Lucie Paradis sold 565 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of C$266.23, for a total transaction of C$150,419.95. In the last 90 days, insiders have sold 8,865 shares of company stock worth $2,385,573. Corporate insiders own 0.24% of the company’s stock.

Intact Financial Stock Performance

TSE IFC opened at C$264.20 on Friday. The firm’s fifty day moving average price is C$267.24 and its two-hundred day moving average price is C$253.07. Intact Financial has a 1 year low of C$200.08 and a 1 year high of C$275.84. The firm has a market capitalization of C$47.12 billion, a P/E ratio of 23.26, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Monday, December 16th. Intact Financial’s dividend payout ratio (DPR) is presently 42.61%.

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.