Charles Brindamour Sells 6,000 Shares of Intact Financial Co. (TSE:IFC) Stock

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

Intact Financial Stock Up 0.2 %

Intact Financial stock traded up C$0.50 during midday trading on Thursday, hitting C$266.99. 10,680 shares of the stock were exchanged, compared to its average volume of 284,995. The company has a quick ratio of 0.28, a current ratio of 0.36 and a debt-to-equity ratio of 31.26. The stock has a market capitalization of C$47.62 billion, a price-to-earnings ratio of 23.46, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57. Intact Financial Co. has a 52-week low of C$197.82 and a 52-week high of C$275.00. The business’s 50-day moving average price is C$264.64 and its 200-day moving average price is C$247.74.

Intact Financial Dividend Announcement

The firm also recently announced 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. This represents a $4.84 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Monday, December 16th. Intact Financial’s dividend payout ratio is presently 42.61%.

Analyst Upgrades and Downgrades

IFC has been the topic of a number of research reports. National Bankshares boosted their target price on shares of Intact Financial from C$294.00 to C$296.00 in a research report on Wednesday, November 6th. Cormark boosted their target price on Intact Financial from C$250.00 to C$260.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. BMO Capital Markets increased their price target on Intact Financial from C$275.00 to C$290.00 in a report on Thursday, November 7th. Raymond James boosted their price objective on Intact Financial from C$264.00 to C$290.00 in a report on Wednesday, November 6th. Finally, Scotiabank lifted their price target on shares of Intact Financial from C$281.00 to C$283.00 in a research report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$274.90.

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.