Intact Financial (TSE:IFC) Given New C$247.00 Price Target at National Bankshares

Intact Financial (TSE:IFC) had its price objective raised by National Bankshares from C$245.00 to C$247.00 in a research note published on Tuesday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

IFC has been the subject of a number of other reports. Scotiabank lifted their price objective on shares of Intact Financial from C$256.00 to C$261.00 in a research note on Friday, April 26th. Raymond James boosted their price objective on Intact Financial from C$221.00 to C$247.00 in a research note on Wednesday, February 14th. Royal Bank of Canada raised their target price on Intact Financial from C$229.00 to C$236.00 and gave the stock a sector perform rating in a research note on Monday. Desjardins upped their price target on Intact Financial from C$235.00 to C$238.00 and gave the company a buy rating in a research report on Tuesday, April 16th. Finally, TD Securities raised their price objective on shares of Intact Financial from C$225.00 to C$235.00 and gave the company a buy rating in a research report on Wednesday, February 14th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of C$240.11.

Intact Financial Stock Down 0.1 %

Shares of TSE IFC opened at C$226.27 on Tuesday. The business’s fifty day moving average price is C$223.54 and its 200-day moving average price is C$212.19. Intact Financial has a one year low of C$188.22 and a one year high of C$237.25. The stock has a market capitalization of C$40.35 billion, a PE ratio of 32.37, a P/E/G ratio of 2.01 and a beta of 0.54. The company has a debt-to-equity ratio of 34.90, a current ratio of 0.38 and a quick ratio of 0.28.

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

Intact Financial Increases Dividend

The firm also recently disclosed 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. This is a positive change from Intact Financial’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $4.84 annualized dividend and a dividend yield of 2.14%. Intact Financial’s payout ratio is presently 69.24%.

Insider Activity at Intact Financial

In other Intact Financial news, Senior Officer Benoit Morissette sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of C$226.23, for a total value of C$1,583,589.00. 0.23% of the stock is currently owned by insiders.

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.