Analysts Set Intact Financial Co. (TSE:IFC) PT at C$274.90

Intact Financial Co. (TSE:IFC) has been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$274.90.

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

Insider Buying and Selling at Intact Financial

In related 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 Charles Brindamour sold 6,000 shares of the firm’s stock in a transaction on 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. Insiders have sold 8,865 shares of company stock valued at $2,385,573 in the last quarter. 0.24% of the stock is owned by insiders.

Intact Financial Stock Performance

TSE:IFC opened at C$263.00 on Friday. The company has a market cap of C$46.91 billion, a price-to-earnings ratio of 23.15, a PEG ratio of 2.01 and a beta of 0.57. Intact Financial has a 1 year low of C$200.08 and a 1 year high of C$275.84. The stock’s 50 day simple moving average is C$267.14 and its two-hundred day simple moving average is C$253.14. The company has a debt-to-equity ratio of 31.26, a current ratio of 0.36 and a quick ratio of 0.28.

Intact Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Monday, December 16th. Intact Financial’s payout ratio is currently 42.61%.

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.