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

Shares of Intact Financial Co. (TSE:IFC) have earned an average rating of “Moderate Buy” from the ten ratings firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$274.90.

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

Intact Financial Price Performance

Intact Financial stock opened at C$254.13 on Thursday. The stock’s fifty day moving average price is C$264.07 and its two-hundred day moving average price is C$256.82. Intact Financial has a one year low of C$205.80 and a one year high of C$275.84. The company has a debt-to-equity ratio of 31.26, a current ratio of 0.36 and a quick ratio of 0.28. The firm has a market cap of C$45.33 billion, a PE ratio of 22.37, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57.

Intact Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date was Monday, December 16th. Intact Financial’s payout ratio is 42.61%.

Insider Buying and Selling

In other Intact Financial news, Senior Officer Marie-Lucie Paradis sold 565 shares of the business’s stock in a transaction that occurred 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. Also, Senior Officer Frédéric Cotnoir sold 450 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of C$266.73, for a total transaction of C$120,028.50. Over the last quarter, insiders have sold 8,865 shares of company stock worth $2,385,573. Corporate 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.