Intact Financial (TSE:IFC) Shares Pass Above 200-Day Moving Average – Should You Sell?

Shares of Intact Financial Co. (TSE:IFC) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$245.78 and traded as high as C$268.87. Intact Financial shares last traded at C$268.34, with a volume of 299,314 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Jefferies Financial Group reduced their target price on shares of Intact Financial from C$264.00 to C$262.00 and set a “hold” rating for the company in a report on Thursday, August 22nd. CIBC increased their target price on shares of Intact Financial from C$250.00 to C$270.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Raymond James lifted their price target on shares of Intact Financial from C$264.00 to C$290.00 in a report on Wednesday, November 6th. TD Securities increased their price objective on Intact Financial from C$293.00 to C$300.00 in a report on Wednesday, November 6th. Finally, BMO Capital Markets boosted their target price on Intact Financial from C$275.00 to C$290.00 in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Intact Financial has an average rating of “Moderate Buy” and a consensus price target of C$274.90.

Intact Financial Trading Up 0.8 %

The firm has a market cap of C$47.86 billion, a PE ratio of 23.62, 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. The company has a 50 day simple moving average of C$262.36 and a two-hundred day simple moving average of C$245.78.

Intact Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Monday, December 16th. Intact Financial’s dividend payout ratio is presently 42.61%.

Insider Activity

In other news, Senior Officer Kenneth Anderson sold 2,000 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of C$253.88, for a total value of C$507,759.00. Also, Senior Officer Marie-Lucie Paradis sold 565 shares of the firm’s stock in a transaction dated 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 have sold 4,565 shares of company stock valued at $1,168,179 in the last ninety days. 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.