Intact Financial (TSE:IFC) Hits New 52-Week High – What’s Next?

Intact Financial Co. (TSE:IFC)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$276.26 and last traded at C$275.90, with a volume of 104665 shares. The stock had previously closed at C$270.50.

Analyst Ratings Changes

Several research firms have recently issued reports on IFC. National Bankshares upped their price objective on Intact Financial from C$294.00 to C$296.00 in a research report on Wednesday, November 6th. Raymond James upped their price target on Intact Financial from C$264.00 to C$290.00 in a report on Wednesday, November 6th. Scotiabank raised their price objective on shares of Intact Financial from C$281.00 to C$283.00 in a report on Thursday, November 7th. TD Securities increased their target price on shares of Intact Financial from C$293.00 to C$300.00 in a research report on Wednesday, November 6th. Finally, BMO Capital Markets raised their price objective on Intact Financial from C$275.00 to C$290.00 in a report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$274.90.

Intact Financial Price Performance

The firm has a market capitalization of C$49.15 billion, a P/E ratio of 24.26, a P/E/G ratio of 2.01 and a beta of 0.57. The business’s fifty day moving average is C$261.40 and its 200 day moving average is C$258.96. The company has a current ratio of 0.36, a quick ratio of 0.28 and a debt-to-equity ratio of 31.26.

Intact Financial (TSE:IFC) last posted its quarterly earnings results on Tuesday, November 5th. The company reported C$1.01 EPS for the quarter, topping the consensus estimate of C$0.29 by C$0.72. Intact Financial had a net margin of 7.14% and a return on equity of 12.93%. During the same quarter in the previous year, the company earned $2.10 earnings per share. As a group, analysts forecast that Intact Financial Co. will post 16.1721014 EPS for the current year.

Insider Activity at Intact Financial

In other news, Senior Officer Charles Brindamour sold 6,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of C$268.50, for a total transaction 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 transaction of C$504,125.00. In the last ninety days, insiders have sold 8,865 shares of company stock valued at $2,385,573. 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.