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

Shares of Intact Financial Co. (TSE:IFC) have been given a consensus rating of “Moderate Buy” by the eight brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$247.30.

Several analysts have commented on the company. Royal Bank of Canada increased their target price on Intact Financial from C$226.00 to C$243.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 8th. TD Securities increased their target price on Intact Financial from C$250.00 to C$258.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. BMO Capital Markets increased their target price on Intact Financial from C$240.00 to C$250.00 in a research note on Thursday, May 9th. Scotiabank increased their target price on Intact Financial from C$261.00 to C$264.00 in a research note on Thursday, May 9th. Finally, National Bankshares increased their target price on Intact Financial from C$247.00 to C$260.00 in a research note on Thursday, May 9th.

Intact Financial Stock Down 0.7 %

Shares of TSE:IFC opened at C$228.01 on Friday. Intact Financial has a 52-week low of C$188.22 and a 52-week high of C$237.25. The firm has a market capitalization of C$40.65 billion, a P/E ratio of 26.48, a P/E/G ratio of 2.01 and a beta of 0.53. The stock has a 50 day moving average price of C$226.46 and a 200-day moving average price of C$218.93. The company has a debt-to-equity ratio of 32.83, a quick ratio of 0.28 and a current ratio of 0.35.

Intact Financial (TSE:IFC) last posted its quarterly earnings results on Tuesday, May 7th. The company reported C$3.63 earnings per share for the quarter, topping the consensus estimate of C$3.43 by C$0.20. The company had revenue of C$7.06 billion for the quarter, compared to the consensus estimate of C$8.33 billion. Intact Financial had a return on equity of 10.00% and a net margin of 5.55%. As a group, equities research analysts anticipate that Intact Financial will post 14.6728435 EPS for the current fiscal year.

Intact Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a dividend of $1.21 per share. The ex-dividend date was Friday, June 14th. This represents a $4.84 annualized dividend and a dividend yield of 2.12%. Intact Financial’s payout ratio is 56.21%.

Insider Buying and Selling

In related news, Senior Officer Louis Gagnon sold 10,000 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of C$223.08, for a total value of C$2,230,768.00. In other Intact Financial news, Senior Officer Louis Marcotte sold 300 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of C$228.61, for a total transaction of C$68,583.00. Also, Senior Officer Louis Gagnon sold 10,000 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of C$223.08, for a total value of C$2,230,768.00. In the last three months, insiders have sold 32,500 shares of company stock valued at $7,377,706. 0.23% of the stock is owned by company 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.