Intact Financial Co. (IFC) to Issue Quarterly Dividend of $1.21 on March 29th

Intact Financial Co. (TSE:IFCGet Free Report) announced a quarterly dividend on Tuesday, February 13th, Zacks reports. Stockholders of record on Friday, March 15th will be given a dividend of 1.21 per share on Friday, March 29th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date is Thursday, March 14th. This is a boost from Intact Financial’s previous quarterly dividend of $1.10.

Intact Financial Stock Up 1.1 %

Shares of Intact Financial stock opened at C$228.87 on Tuesday. The company has a market cap of C$40.81 billion, a price-to-earnings ratio of 33.07, a price-to-earnings-growth ratio of 2.01 and a beta of 0.54. The company’s 50 day moving average is C$214.74 and its 200 day moving average is C$205.85. Intact Financial has a twelve month low of C$182.01 and a twelve month high of C$237.25. The company has a quick ratio of 0.28, a current ratio of 0.38 and a debt-to-equity ratio of 34.90.

Intact Financial (TSE:IFCGet Free Report) last issued 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. The company had revenue of C$6.53 billion for the quarter. Intact Financial had a net margin of 4.59% and a return on equity of 8.16%. Research analysts anticipate that Intact Financial will post 14.3136508 EPS for the current year.

Insider Transactions at Intact Financial

In related 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 transaction of C$1,583,589.00. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on IFC. Raymond James increased their price target on shares of Intact Financial from C$221.00 to C$247.00 in a research report on Wednesday, February 14th. Desjardins increased their price target on shares of Intact Financial from C$230.00 to C$235.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. National Bankshares decreased their price target on shares of Intact Financial from C$250.00 to C$245.00 and set an “outperform” rating on the stock in a research report on Thursday, February 15th. Royal Bank of Canada increased their price target on shares of Intact Financial from C$228.00 to C$229.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 14th. Finally, BMO Capital Markets increased their price target on shares of Intact Financial from C$230.00 to C$240.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Intact Financial has a consensus rating of “Moderate Buy” and an average target price of C$236.40.

View Our Latest Stock Analysis on IFC

About Intact Financial

(Get Free Report)

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 vehicle insurance; insurance for car, motorcycle insurance, RV, ATV, snowmobile, boat, and trailer vehicles.

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Dividend History for Intact Financial (TSE:IFC)

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