Intact Financial Co. (TSE:IFC) Receives C$249.70 Average Target Price from Brokerages

Shares of Intact Financial Co. (TSE:IFC) have received a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$253.09.

Several research firms recently weighed in on IFC. Cormark raised their price objective on Intact Financial from C$243.00 to C$250.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Scotiabank raised their price objective on Intact Financial from C$264.00 to C$272.00 in a research note on Wednesday, July 24th. National Bankshares raised their price target on Intact Financial from C$260.00 to C$265.00 and gave the stock an “outperform” rating in a research report on Monday. Royal Bank of Canada raised their price target 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. Finally, TD Securities raised their price target on Intact Financial from C$270.00 to C$282.00 and gave the stock a “buy” rating in a research report on Wednesday.

Intact Financial Stock Performance

Shares of IFC stock opened at C$250.90 on Thursday. The company has a market cap of C$44.74 billion, a price-to-earnings ratio of 29.14, a price-to-earnings-growth ratio of 2.01 and a beta of 0.53. The stock has a 50 day simple moving average of C$231.56 and a 200-day simple moving average of C$224.65. Intact Financial has a 12-month low of C$188.22 and a 12-month high of C$263.74. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 32.83.

Intact Financial (TSE:IFC) last released its quarterly earnings data on Tuesday, May 7th. The company reported C$3.63 earnings per share for the quarter, beating 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, equities analysts forecast that Intact Financial will post 14.6728435 EPS for the current year.

Intact Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a $1.21 dividend. The ex-dividend date was Friday, June 14th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.93%. Intact Financial’s dividend payout ratio (DPR) is currently 56.21%.

Insider Activity

In other Intact Financial news, Senior Officer Louis Gagnon sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of C$223.08, for a total transaction of C$2,230,768.00. In related news, Senior Officer Louis Marcotte sold 300 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of C$228.61, for a total value of C$68,583.00. Also, Senior Officer Louis Gagnon sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of C$223.08, for a total value of C$2,230,768.00. Over the last quarter, insiders sold 32,500 shares of company stock worth $7,377,706. 0.23% of the stock is currently owned by corporate insiders.

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.