Intact Financial Co. (TSE:IFC) Receives Consensus Rating of “Moderate Buy” from Brokerages

Intact Financial Co. (TSE:IFC) has received a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$274.90.

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

Insider Activity at Intact Financial

In other Intact Financial 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 value of C$1,611,000.00. Also, Senior Officer Darren Christopher Godfrey sold 1,850 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of C$272.50, for a total value of C$504,125.00. In the last 90 days, insiders sold 8,865 shares of company stock valued at $2,385,573. Insiders own 0.24% of the company’s stock.

Intact Financial Price Performance

Shares of TSE:IFC opened at C$253.39 on Thursday. The company has a market cap of C$45.19 billion, a P/E ratio of 22.31, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57. The company’s fifty day moving average is C$264.84 and its two-hundred day moving average is C$256.28. The company has a quick ratio of 0.28, a current ratio of 0.36 and a debt-to-equity ratio of 31.26. Intact Financial has a 12-month low of C$200.55 and a 12-month high of C$275.84.

Intact Financial Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 1.91%. Intact Financial’s dividend payout ratio is currently 42.61%.

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.