Intact Financial (TSE:IFC) Reaches New 1-Year High at $21.51

Intact Financial Co. (TSE:IFC) reached a new 52-week high on Wednesday . The stock traded as high as C$21.51 and last traded at C$234.52, with a volume of 77812 shares trading hands. The stock had previously closed at C$230.29.

Analyst Ratings Changes

Several research firms have weighed in on IFC. Desjardins raised their price target on Intact Financial from C$235.00 to C$238.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Jefferies Financial Group raised their price target on Intact Financial from C$231.00 to C$242.00 in a report on Thursday, May 9th. BMO Capital Markets lifted their target price on Intact Financial from C$240.00 to C$250.00 in a report on Thursday, May 9th. Scotiabank lifted their target price on Intact Financial from C$261.00 to C$264.00 in a report on Thursday, May 9th. Finally, Raymond James lifted their target price on Intact Financial from C$247.00 to C$261.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Intact Financial presently has an average rating of “Moderate Buy” and a consensus target price of C$247.30.

Intact Financial Price Performance

The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 32.83. The stock has a 50 day moving average of C$226.75 and a 200-day moving average of C$219.38. The stock has a market capitalization of C$41.73 billion, a P/E ratio of 27.32, a price-to-earnings-growth ratio of 2.01 and a beta of 0.53.

Intact Financial (TSE:IFC) last issued its earnings results on Tuesday, May 7th. The company reported C$3.63 earnings per share for the quarter, beating analysts’ consensus estimates of C$3.43 by C$0.20. The business had revenue of C$7.06 billion during the quarter, compared to analyst estimates of C$8.33 billion. Intact Financial had a return on equity of 10.00% and a net margin of 5.55%. On average, equities research analysts anticipate that Intact Financial Co. will post 14.6728435 earnings per share for the current fiscal year.

Intact Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Friday, June 14th. Intact Financial’s dividend payout ratio (DPR) is presently 56.21%.

Insider Buying and Selling at Intact Financial

In related news, Senior Officer Louis Marcotte sold 300 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of C$228.61, for a total transaction of C$68,583.00. In related news, Senior Officer Louis Gagnon sold 10,000 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of C$229.56, for a total value of C$2,295,607.00. Also, Senior Officer Louis Marcotte sold 300 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of C$228.61, for a total transaction of C$68,583.00. Insiders sold a total of 32,500 shares of company stock valued at $7,377,706 in the last ninety days. Corporate insiders own 0.23% of the company’s stock.

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.