Intact Financial Co. (IFC) to Issue Quarterly Dividend of $1.21 on December 31st

Intact Financial Co. (TSE:IFC) announced a quarterly dividend on Tuesday, November 5th, Zacks reports. Investors of record on Monday, December 16th will be paid a dividend of 1.21 per share on Tuesday, December 31st. This represents a $4.84 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Monday, December 16th.

Intact Financial Stock Performance

IFC traded down C$1.56 during mid-day trading on Thursday, reaching C$263.46. 9,843 shares of the company traded hands, compared to its average volume of 286,096. The company’s fifty day moving average price is C$259.90 and its 200-day moving average price is C$243.33. The stock has a market capitalization of C$46.99 billion, a P/E ratio of 23.33, a P/E/G ratio of 2.01 and a beta of 0.57. The company has a quick ratio of 0.28, a current ratio of 0.36 and a debt-to-equity ratio of 31.26. Intact Financial has a 52-week low of C$197.82 and a 52-week high of C$273.05.

Insider Activity at Intact Financial

In other news, Senior Officer Darren Christopher Godfrey sold 2,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$255.00, for a total value of C$510,000.00. 0.24% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

IFC has been the subject of a number of research reports. CIBC upped their price objective on Intact Financial from C$250.00 to C$270.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Jefferies Financial Group reduced their price target on shares of 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 raised their price objective on shares of Intact Financial from C$250.00 to C$275.00 in a report on Thursday, August 1st. National Bankshares boosted their target price on shares of Intact Financial from C$294.00 to C$296.00 in a research report on Wednesday. Finally, Raymond James increased their price target on shares of Intact Financial from C$264.00 to C$290.00 in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$271.40.

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.