Darren Christopher Godfrey Sells 2,000 Shares of Intact Financial Co. (TSE:IFC) Stock

Intact Financial Co. (TSE:IFC) Senior Officer Darren Christopher Godfrey sold 2,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of C$255.00, for a total transaction of C$510,000.00.

Intact Financial Stock Up 0.5 %

TSE IFC traded up C$1.16 during trading hours on Friday, hitting C$253.00. 802,826 shares of the company were exchanged, compared to its average volume of 287,912. The company has a quick ratio of 0.28, a current ratio of 0.36 and a debt-to-equity ratio of 31.26. The firm has a market cap of C$45.13 billion, a price-to-earnings ratio of 22.21, a PEG ratio of 2.01 and a beta of 0.57. The company has a 50 day moving average of C$248.42 and a two-hundred day moving average of C$233.41. Intact Financial Co. has a 52-week low of C$188.27 and a 52-week high of C$263.74.

Intact Financial (TSE:IFC) last posted its quarterly 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 analysts’ expectations of C$7.64 billion. Intact Financial had a net margin of 7.14% and a return on equity of 12.93%. Equities research analysts anticipate that Intact Financial Co. will post 15.9993679 earnings per share for the current year.

Intact Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Friday, September 13th. Intact Financial’s dividend payout ratio (DPR) is 42.68%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on IFC shares. CIBC upped their price target on shares of Intact Financial from C$250.00 to C$270.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Jefferies Financial Group decreased their price objective on Intact Financial from C$264.00 to C$262.00 and set a “hold” rating for the company in a report on Thursday, August 22nd. National Bankshares raised their target price on Intact Financial from C$260.00 to C$265.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Scotiabank lowered their price objective on Intact Financial from C$272.00 to C$263.00 and set an “outperform” rating on the stock in a research report on Thursday, August 22nd. Finally, Cormark lifted their target price on shares of Intact Financial from C$250.00 to C$260.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.