Intact Financial (TSE:IFC – Get Free Report) had its price target reduced by stock analysts at Jefferies Financial Group from C$242.00 to C$241.00 in a report released on Monday, BayStreet.CA reports. Jefferies Financial Group’s price objective indicates a potential downside of 0.34% from the stock’s previous close.
Several other brokerages also recently weighed in on IFC. National Bankshares increased their price target on Intact Financial from C$247.00 to C$260.00 in a report on Thursday, May 9th. Royal Bank of Canada increased their price objective on Intact Financial from C$226.00 to C$243.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 8th. Desjardins increased their price objective on Intact Financial from C$235.00 to C$238.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. TD Securities increased their price objective on Intact Financial from C$250.00 to C$258.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Finally, BMO Capital Markets increased their price objective on Intact Financial from C$240.00 to C$250.00 in a research report on Thursday, May 9th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Intact Financial has a consensus rating of “Moderate Buy” and a consensus target price of C$247.20.
Get Our Latest Stock Analysis on IFC
Intact Financial Stock Performance
Intact Financial (TSE:IFC – Get Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The company reported C$3.63 earnings per share for the quarter, topping the consensus estimate of C$3.43 by C$0.20. Intact Financial had a return on equity of 10.00% and a net margin of 5.55%. The firm had revenue of C$7.06 billion during the quarter, compared to the consensus estimate of C$8.33 billion. On average, sell-side analysts forecast that Intact Financial will post 14.6728435 EPS for the current fiscal year.
Insider Buying and Selling
In related news, Senior Officer Louis Gagnon sold 10,000 shares of Intact Financial stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of C$229.56, for a total transaction of C$2,295,607.00. In other news, Senior Officer Louis Gagnon sold 10,000 shares of Intact Financial stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of C$229.56, for a total value of C$2,295,607.00. Also, Senior Officer Louis Marcotte sold 300 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of C$228.61, for a total value of C$68,583.00. In the last quarter, insiders sold 32,500 shares of company stock worth $7,377,706. 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.
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