Intact Financial Co. (TSE:IFC) Announces $1.21 Quarterly Dividend

Intact Financial Co. (TSE:IFC) announced a quarterly dividend on Tuesday, May 7th, Zacks reports. Shareholders of record on Friday, June 14th will be paid a dividend of 1.21 per share on Friday, June 28th. This represents a $4.84 annualized dividend and a yield of 2.10%. The ex-dividend date is Friday, June 14th.

Intact Financial Stock Down 0.8 %

Intact Financial stock traded down C$1.86 during trading hours on Thursday, hitting C$230.60. The stock had a trading volume of 88,996 shares, compared to its average volume of 298,595. The company has a quick ratio of 0.28, a current ratio of 0.38 and a debt-to-equity ratio of 34.90. The stock’s 50-day moving average price is C$223.38 and its 200-day moving average price is C$213.29. Intact Financial has a 12-month low of C$188.22 and a 12-month high of C$237.25. The stock has a market capitalization of C$41.12 billion, a P/E ratio of 32.99, a price-to-earnings-growth ratio of 2.01 and a beta of 0.54.

Intact Financial (TSE:IFC) last issued its earnings results on Tuesday, February 13th. The company reported C$3.47 earnings per share for the quarter, topping analysts’ consensus estimates of C$3.44 by C$0.03. Intact Financial had a net margin of 4.59% and a return on equity of 8.16%. The firm had revenue of C$6.53 billion during the quarter. Equities research analysts anticipate that Intact Financial will post 14.526183 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Royal Bank of Canada lifted their price objective on shares of Intact Financial from C$226.00 to C$243.00 and gave the company a “sector perform” rating in a report on Wednesday. National Bankshares upped their target price on shares of Intact Financial from C$245.00 to C$247.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 30th. TD Securities increased their target price on shares of Intact Financial from C$250.00 to C$258.00 and gave the company a “buy” rating in a research report on Wednesday. Desjardins increased their price target on shares of Intact Financial from C$235.00 to C$238.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Finally, Raymond James increased their price target on shares of Intact Financial from C$247.00 to C$261.00 and gave the company an “outperform” rating in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Intact Financial has a consensus rating of “Moderate Buy” and an average target price of C$245.00.

Insider Transactions at Intact Financial

In related news, Senior Officer Benoit Morissette sold 7,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of C$226.23, for a total transaction of C$1,583,589.00. 0.23% of the stock is owned by corporate insiders.

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.