Intact Financial (TSE:IFC) Hits New 12-Month High – What’s Next?

Intact Financial Co. (TSE:IFC) shares reached a new 52-week high during trading on Monday . The stock traded as high as C$271.86 and last traded at C$267.18, with a volume of 92071 shares trading hands. The stock had previously closed at C$270.87.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on IFC shares. Scotiabank dropped their price objective on Intact Financial from C$272.00 to C$263.00 and set an “outperform” rating on the stock in a report on Thursday, August 22nd. BMO Capital Markets increased their price target on shares of Intact Financial from C$250.00 to C$275.00 in a report on Thursday, August 1st. Raymond James reduced their price objective on shares of Intact Financial from C$269.00 to C$264.00 in a research note on Thursday, October 10th. National Bankshares increased their target price on shares of Intact Financial from C$260.00 to C$265.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Finally, Desjardins lifted their price target on shares of Intact Financial from C$250.00 to C$255.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Intact Financial currently has an average rating of “Moderate Buy” and an average target price of C$263.90.

Intact Financial Stock Down 1.2 %

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 50-day simple moving average of C$255.77 and a two-hundred day simple moving average of C$238.95. The company has a market cap of C$47.72 billion, a PE ratio of 23.84, a P/E/G ratio of 2.01 and a beta of 0.57.

Intact Financial (TSE:IFC) last released its earnings results on Tuesday, July 30th. The company reported C$4.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$3.61 by C$1.25. The company had revenue of C$7.07 billion for the quarter, compared to analyst estimates of C$7.64 billion. Intact Financial had a net margin of 7.14% and a return on equity of 12.93%. Research analysts anticipate that Intact Financial Co. will post 16.1721014 earnings per share for the current fiscal year.

Intact Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend was Friday, September 13th. Intact Financial’s dividend payout ratio is currently 42.61%.

Insider Buying and Selling at Intact Financial

In related news, Senior Officer Kenneth Anderson sold 2,000 shares of Intact Financial stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$253.88, for a total value of C$507,759.00. 0.24% of the stock is owned by company insiders.

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.