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

Intact Financial Co. (TSE:IFC) has received a consensus recommendation of “Moderate Buy” from the ten brokerages that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$274.90.

IFC has been the topic of a number of recent research reports. Scotiabank raised their price objective on Intact Financial from C$281.00 to C$283.00 in a research report on Thursday, November 7th. TD Securities raised their price target on shares of Intact Financial from C$293.00 to C$300.00 in a report on Wednesday, November 6th. Raymond James lifted their price objective on shares of Intact Financial from C$264.00 to C$290.00 in a research report on Wednesday, November 6th. National Bankshares raised their target price on shares of Intact Financial from C$294.00 to C$296.00 in a research note on Wednesday, November 6th. Finally, BMO Capital Markets upped their price target on Intact Financial from C$275.00 to C$290.00 in a research report on Thursday, November 7th.

Intact Financial Stock Down 0.5 %

Intact Financial stock opened at C$263.00 on Friday. Intact Financial has a twelve month low of C$200.08 and a twelve month high of C$275.84. The business has a fifty day moving average of C$267.14 and a two-hundred day moving average of C$253.14. The firm has a market cap of C$46.91 billion, a P/E ratio of 23.15, a P/E/G ratio of 2.01 and a beta of 0.57. The company has a quick ratio of 0.28, a current ratio of 0.36 and a debt-to-equity ratio of 31.26.

Intact Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a $1.21 dividend. This represents a $4.84 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is 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 company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of C$266.23, for a total value of C$150,419.95. Also, Senior Officer Darren Christopher Godfrey sold 1,850 shares of Intact Financial stock in a transaction dated Friday, December 6th. The shares were sold at an average price of C$272.50, for a total value of C$504,125.00. Insiders sold 8,865 shares of company stock worth $2,385,573 in the last 90 days. 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.