Intact Financial Co. (TSE:IFC) Receives C$236.40 Average Target Price from Brokerages

Shares of Intact Financial Co. (TSE:IFC) have received a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$236.70.

A number of analysts recently commented on the company. Desjardins raised their price target on Intact Financial from C$235.00 to C$238.00 and gave the stock a “buy” rating in a research note on Tuesday. CIBC raised their price target on Intact Financial from C$225.00 to C$250.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. National Bankshares decreased their price objective on Intact Financial from C$250.00 to C$245.00 and set an “outperform” rating for the company in a report on Thursday, February 15th. Scotiabank increased their price objective on Intact Financial from C$252.00 to C$256.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Finally, Raymond James increased their price objective on Intact Financial from C$221.00 to C$247.00 in a report on Wednesday, February 14th.

Insider Activity

In other news, Senior Officer Benoit Morissette sold 7,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of C$226.23, for a total transaction of C$1,583,589.00. Corporate insiders own 0.23% of the company’s stock.

Intact Financial Stock Performance

TSE:IFC opened at C$221.82 on Tuesday. The firm has a market cap of C$39.55 billion, a PE ratio of 31.73, a price-to-earnings-growth ratio of 2.01 and a beta of 0.54. Intact Financial has a fifty-two week low of C$188.22 and a fifty-two week high of C$237.25. The company has a debt-to-equity ratio of 34.90, a quick ratio of 0.28 and a current ratio of 0.38. The business has a 50 day moving average price of C$223.11 and a 200-day moving average price of C$210.63.

Intact Financial (TSE:IFC) last released its quarterly earnings data on Tuesday, February 13th. The company reported C$3.47 earnings per share for the quarter, beating analysts’ consensus estimates of C$3.44 by C$0.03. Intact Financial had a return on equity of 8.16% and a net margin of 4.59%. The firm had revenue of C$6.53 billion during the quarter. Equities research analysts predict that Intact Financial will post 14.4651774 earnings per share for the current year.

Intact Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a dividend of $1.21 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Intact Financial’s previous quarterly dividend of $1.10. This represents a $4.84 annualized dividend and a dividend yield of 2.18%. Intact Financial’s dividend payout ratio (DPR) is presently 69.24%.

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.