Intact Financial (TSE:IFC) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of Intact Financial Co. (TSE:IFC) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$255.22 and traded as high as C$261.42. Intact Financial shares last traded at C$258.22, with a volume of 202,865 shares traded.

Analysts Set New Price Targets

Several brokerages have recently weighed in on IFC. TD Securities boosted their price objective on shares of Intact Financial from C$293.00 to C$300.00 in a research report on Wednesday, November 6th. National Bankshares boosted their price target on shares of Intact Financial from C$294.00 to C$296.00 in a research report on Wednesday, November 6th. 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. Scotiabank boosted their target price on Intact Financial from C$281.00 to C$283.00 in a report on Thursday, November 7th. Finally, Raymond James raised their price target on Intact Financial from C$264.00 to C$290.00 in a research note on Wednesday, November 6th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$274.90.

Intact Financial Price Performance

The company has a current ratio of 0.36, a quick ratio of 0.28 and a debt-to-equity ratio of 31.26. The stock has a fifty day simple moving average of C$266.22 and a two-hundred day simple moving average of C$255.22. The company has a market cap of C$46.06 billion, a PE ratio of 22.73, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57.

Intact Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a dividend of $1.21 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.87%. Intact Financial’s dividend payout ratio (DPR) is presently 42.61%.

Insider Activity at Intact Financial

In related news, Senior Officer Frédéric Cotnoir sold 450 shares of Intact Financial stock in a transaction on Friday, November 29th. The stock was sold at an average price of C$266.73, for a total transaction of C$120,028.50. Also, Senior Officer Marie-Lucie Paradis sold 565 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of C$266.23, for a total value of C$150,419.95. Insiders sold 8,865 shares of company stock worth $2,385,573 over the last 90 days. Company 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.