Intact Financial (TSE:IFC) Given New C$300.00 Price Target at TD Securities

Intact Financial (TSE:IFC) had its price objective increased by TD Securities from C$293.00 to C$300.00 in a research note issued to investors on Wednesday morning,BayStreet.CA reports.

A number of other analysts have also weighed in on IFC. CIBC upped their target price on Intact Financial from C$250.00 to C$270.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. National Bankshares upped their price objective on Intact Financial from C$280.00 to C$294.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Desjardins lifted their target price on Intact Financial from C$250.00 to C$255.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Cormark increased their price target on shares of Intact Financial from C$250.00 to C$260.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Jefferies Financial Group lowered 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. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Intact Financial has a consensus rating of “Moderate Buy” and a consensus price target of C$274.90.

Intact Financial Stock Up 0.9 %

Shares of TSE IFC opened at C$266.23 on Wednesday. Intact Financial has a 52-week low of C$197.82 and a 52-week high of C$273.05. The firm has a market capitalization of C$47.48 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 2.01 and a beta of 0.57. The stock has a 50 day moving average price of C$260.44 and a 200 day moving average price of C$243.63. The company has a debt-to-equity ratio of 31.26, a quick ratio of 0.28 and a current ratio of 0.36.

Intact Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $1.21 dividend. The ex-dividend date is Monday, December 16th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.82%. Intact Financial’s dividend payout ratio is currently 42.61%.

Insider Activity

In other Intact Financial news, Senior Officer Kenneth Anderson sold 2,000 shares of Intact Financial stock in a transaction dated Friday, September 20th. The stock was sold at an average price of C$253.88, for a total transaction of C$507,759.00. Corporate 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.