Intact Financial Co. (TSE:IFC) Senior Officer Sells C$507,759.00 in Stock

Intact Financial Co. (TSE:IFC) Senior Officer Kenneth Anderson sold 2,000 shares of Intact Financial stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$253.88, for a total transaction of C$507,759.00.

Intact Financial Stock Up 1.4 %

Shares of TSE:IFC traded up C$3.43 during midday trading on Friday, hitting C$255.27. 1,156,695 shares of the company’s stock were exchanged, compared to its average volume of 289,867. The company has a debt-to-equity ratio of 31.26, a current ratio of 0.36 and a quick ratio of 0.28. The stock has a 50 day moving average price of C$248.42 and a 200-day moving average price of C$233.41. The company has a market cap of C$45.53 billion, a PE ratio of 22.31, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57. Intact Financial Co. has a 12 month low of C$188.27 and a 12 month high of C$263.74.

Intact Financial (TSE:IFC) last posted its earnings results on Tuesday, July 30th. The company reported C$4.86 EPS for the quarter, topping the consensus estimate of C$3.61 by C$1.25. The company had revenue of C$7.07 billion during the quarter, compared to the consensus estimate of C$7.64 billion. Intact Financial had a net margin of 7.14% and a return on equity of 12.93%. On average, sell-side analysts anticipate that Intact Financial Co. will post 15.9993679 EPS for the current fiscal year.

Intact Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a yield of 1.90%. The ex-dividend date is Friday, September 13th. Intact Financial’s dividend payout ratio (DPR) is presently 42.68%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on IFC. Jefferies Financial Group cut their price target on shares of Intact Financial from C$264.00 to C$262.00 and set a “hold” rating on the stock in a report on Thursday, August 22nd. BMO Capital Markets lifted their price target on shares of Intact Financial from C$250.00 to C$275.00 in a report on Thursday, August 1st. Raymond James lifted their price target on shares of Intact Financial from C$261.00 to C$269.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Scotiabank cut their price target on shares of Intact Financial from C$272.00 to C$263.00 and set an “outperform” rating on the stock in a report on Thursday, August 22nd. Finally, Desjardins boosted their target price on shares of Intact Financial from C$250.00 to C$255.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$264.40.

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.