Intact Financial Co. (TSE:IFC) Receives C$274.90 Consensus Target Price from Brokerages

Intact Financial Co. (TSE:IFC) has received an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is C$274.90.

A number of analysts have recently commented on the stock. Scotiabank lifted their price target on shares of Intact Financial from C$281.00 to C$283.00 in a research note on Thursday, November 7th. Raymond James lifted their target price on Intact Financial from C$264.00 to C$290.00 in a research note on Wednesday, November 6th. BMO Capital Markets increased their price target on Intact Financial from C$275.00 to C$290.00 in a research note on Thursday, November 7th. TD Securities boosted their price objective on Intact Financial from C$293.00 to C$300.00 in a research note on Wednesday, November 6th. Finally, National Bankshares increased their price objective on shares of Intact Financial from C$294.00 to C$296.00 in a research report on Wednesday, November 6th.

Intact Financial Trading Up 0.1 %

Shares of TSE IFC opened at C$254.13 on Thursday. The company has a market cap of C$45.33 billion, a PE ratio of 22.37, a P/E/G ratio of 2.01 and a beta of 0.57. The company has a debt-to-equity ratio of 31.26, a quick ratio of 0.28 and a current ratio of 0.36. Intact Financial has a 52-week low of C$205.80 and a 52-week high of C$275.84. The firm’s 50 day moving average price is C$264.07 and its 200-day moving average price is C$256.82.

Intact Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a dividend of $1.21 per share. The ex-dividend date was Monday, December 16th. This represents a $4.84 annualized dividend and a dividend yield of 1.90%. Intact Financial’s dividend payout ratio is presently 42.61%.

Insider Buying and Selling

In other Intact Financial news, Senior Officer Charles Brindamour sold 6,000 shares of Intact Financial stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of C$268.50, for a total value of C$1,611,000.00. Also, Senior Officer Darren Christopher Godfrey sold 1,850 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of C$272.50, for a total value of C$504,125.00. Insiders sold 8,865 shares of company stock worth $2,385,573 in the last three months. Corporate insiders own 0.24% 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.