Intact Financial (TSE:IFC) Price Target Raised to C$265.00 at National Bankshares

Intact Financial (TSE:IFC) had its price objective upped by National Bankshares from C$260.00 to C$265.00 in a research note published on Monday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Other research analysts also recently issued reports about the stock. BMO Capital Markets raised their price target on shares of Intact Financial from C$240.00 to C$250.00 in a report on Thursday, May 9th. Cormark raised their price target on shares of Intact Financial from C$243.00 to C$250.00 and gave the company a buy rating in a report on Friday, July 26th. Royal Bank of Canada raised their price target 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, May 8th. Desjardins raised their price target on shares of Intact Financial from C$250.00 to C$255.00 and gave the company a buy rating in a report on Tuesday, July 23rd. Finally, Raymond James raised 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, May 8th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Intact Financial has an average rating of Moderate Buy and an average target price of C$260.18.

Intact Financial Stock Down 2.3 %

Intact Financial stock opened at C$245.02 on Monday. Intact Financial has a 1-year low of C$188.22 and a 1-year high of C$263.74. The firm has a market capitalization of C$43.69 billion, a price-to-earnings ratio of 28.46, a P/E/G ratio of 2.01 and a beta of 0.53. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 32.83. The firm has a 50 day simple moving average of C$231.92 and a 200 day simple moving average of C$224.79.

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 analysts’ consensus estimates of C$3.43 by C$0.20. Intact Financial had a net margin of 5.55% and a return on equity of 10.00%. The business had revenue of C$7.06 billion during the quarter, compared to analyst estimates of C$8.33 billion. On average, analysts predict that Intact Financial will post 14.6728435 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 paid a $1.21 dividend. This represents a $4.84 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Friday, September 13th. Intact Financial’s dividend payout ratio is presently 56.21%.

Insiders Place Their Bets

In other Intact Financial news, Senior Officer Louis Marcotte sold 300 shares of the business’s stock in a transaction on 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 other Intact Financial news, Senior Officer Louis Gagnon sold 10,000 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were 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 business’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of C$228.61, for a total transaction of C$68,583.00. Insiders sold 32,500 shares of company stock valued at $7,377,706 over the last three months. Insiders own 0.23% of the company’s stock.

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.