TD Securities Raises Intact Financial (TSE:IFC) Price Target to C$293.00

Intact Financial (TSE:IFC) had its target price upped by TD Securities from C$282.00 to C$293.00 in a report released on Tuesday morning, BayStreet.CA reports.

Several other research firms have also recently weighed in on IFC. Raymond James lowered their price objective on shares of Intact Financial from C$269.00 to C$264.00 in a research report on Thursday, October 10th. Cormark boosted their price objective on shares of Intact Financial from C$250.00 to C$260.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Jefferies Financial Group lowered their target price on Intact Financial from C$264.00 to C$262.00 and set a “hold” rating for the company in a research note on Thursday, August 22nd. BMO Capital Markets upped their price target on Intact Financial from C$250.00 to C$275.00 in a research note on Thursday, August 1st. Finally, Scotiabank dropped their price objective on Intact Financial from C$272.00 to C$263.00 and set an “outperform” rating for the company in a report on Thursday, August 22nd. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Intact Financial currently has an average rating of “Moderate Buy” and a consensus target price of C$265.00.

Intact Financial Stock Down 0.0 %

IFC opened at C$267.38 on Tuesday. Intact Financial has a twelve month low of C$188.27 and a twelve month high of C$271.81. The firm has a market cap of C$47.69 billion, a price-to-earnings ratio of 23.54, a PEG ratio of 2.01 and a beta of 0.57. The firm’s 50-day simple moving average is C$257.23 and its 200-day simple moving average is C$240.15. 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 (TSE:IFC) last issued its quarterly earnings data on Tuesday, July 30th. The company reported C$4.86 earnings per share for the quarter, topping the consensus estimate of C$3.61 by C$1.25. The firm had revenue of C$7.07 billion for the quarter, compared to analysts’ expectations of C$7.64 billion. Intact Financial had a net margin of 7.14% and a return on equity of 12.93%. Equities research analysts anticipate that Intact Financial will post 16.1721014 EPS for the current fiscal year.

Intact Financial Dividend Announcement

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

Insider Activity at Intact Financial

In other Intact Financial news, Senior Officer Kenneth Anderson sold 2,000 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of C$253.88, for a total value of C$507,759.00. Corporate insiders own 0.24% of the company’s stock.

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.