Intact Financial Co. (TSE:IFC) Announces Quarterly Dividend of $1.21

Intact Financial Co. (TSE:IFC) announced a quarterly dividend on Tuesday, July 30th, Zacks reports. Stockholders of record on Friday, September 13th will be paid a dividend of 1.21 per share on Friday, September 27th. This represents a $4.84 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Friday, September 13th.

Intact Financial Stock Up 2.5 %

Shares of IFC opened at C$250.90 on Thursday. The stock has a market capitalization of C$44.74 billion, a PE ratio of 29.14, a P/E/G ratio of 2.01 and a beta of 0.53. Intact Financial has a 1 year low of C$188.22 and a 1 year high of C$263.74. The company has a debt-to-equity ratio of 32.83, a quick ratio of 0.28 and a current ratio of 0.35. The company’s 50-day simple moving average is C$231.56 and its 200-day simple moving average is C$224.65.

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. BMO Capital Markets increased their price target on shares of Intact Financial from C$240.00 to C$250.00 in a research note on Thursday, May 9th. TD Securities increased 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 research note on Wednesday. National Bankshares increased their price target on shares of Intact Financial from C$260.00 to C$265.00 and gave the company an “outperform” rating in a research note on Monday. Cormark increased their price objective on Intact Financial from C$250.00 to C$260.00 and gave the company a “buy” rating in a report on Thursday. Finally, Royal Bank of Canada increased their price objective on Intact Financial from C$226.00 to C$243.00 and gave the company a “sector perform” rating in a report on Wednesday, May 8th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Intact Financial has an average rating of “Moderate Buy” and an average price target of C$254.00.

Insider Buying and Selling at Intact Financial

In other Intact Financial news, Senior Officer Louis Gagnon sold 10,000 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of C$223.08, for a total value of C$2,230,768.00. In other news, Senior Officer Louis Marcotte sold 300 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of C$228.61, for a total value of C$68,583.00. Also, Senior Officer Louis Gagnon sold 10,000 shares of Intact Financial stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of C$223.08, for a total value of C$2,230,768.00. Over the last quarter, insiders sold 32,500 shares of company stock valued at $7,377,706. 0.23% of the stock is owned by company insiders.

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.