Intact Financial Co. (TSE:IFC) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Intact Financial Co. (TSE:IFC) have been assigned an average recommendation of “Moderate Buy” from the ten research firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$274.90.

Several research firms have recently weighed in on IFC. Scotiabank lifted their price objective on Intact Financial from C$281.00 to C$283.00 in a research note on Thursday, November 7th. Cormark raised their price objective on 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. Jefferies Financial Group decreased their target price on Intact Financial from C$264.00 to C$262.00 and set a “hold” rating for the company in a research report on Thursday, August 22nd. BMO Capital Markets upped their target price on Intact Financial from C$275.00 to C$290.00 in a research report on Thursday, November 7th. Finally, CIBC raised their price target on shares of Intact Financial from C$250.00 to C$270.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st.

Insiders Place Their Bets

In other news, Senior Officer Marie-Lucie Paradis sold 565 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of C$266.23, for a total transaction of C$150,419.95. Also, Senior Officer Kenneth Anderson sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of C$253.88, for a total value of C$507,759.00. Insiders sold a total of 4,565 shares of company stock valued at $1,168,179 over the last 90 days. 0.24% of the stock is owned by company insiders.

Intact Financial Price Performance

Shares of Intact Financial stock opened at C$268.67 on Wednesday. The business’s fifty day moving average price is C$264.33 and its 200 day moving average price is C$247.47. Intact Financial has a twelve month low of C$197.82 and a twelve month high of C$275.00. The company has a current ratio of 0.36, a quick ratio of 0.28 and a debt-to-equity ratio of 31.26. The stock has a market capitalization of C$47.92 billion, a P/E ratio of 23.65, a PEG ratio of 2.01 and a beta of 0.57.

Intact Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a yield of 1.80%. The ex-dividend date is Monday, December 16th. Intact Financial’s dividend payout ratio (DPR) is presently 42.61%.

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.