Recent Investment Analysts’ Ratings Changes for Intact Financial (IFC)

Intact Financial (TSE: IFC) has recently received a number of price target changes and ratings updates:

• 11/7/2024 – Intact Financial had its price target raised by analysts at BMO Capital Markets from C$275.00 to C$290.00.
• 11/7/2024 – Intact Financial had its price target raised by analysts at Scotiabank from C$281.00 to C$283.00.
• 11/6/2024 – Intact Financial had its price target raised by analysts at National Bankshares, Inc. from C$294.00 to C$296.00.
• 11/6/2024 – Intact Financial had its price target raised by analysts at Raymond James from C$264.00 to C$290.00.
• 11/6/2024 – Intact Financial had its price target raised by analysts at TD Securities from C$293.00 to C$300.00.
• 10/30/2024 – Intact Financial had its price target raised by analysts at National Bankshares, Inc. from C$280.00 to C$294.00. They now have an “outperform” rating on the stock.
• 10/22/2024 – Intact Financial had its price target raised by analysts at TD Securities from C$282.00 to C$293.00.
• 10/10/2024 – Intact Financial had its price target lowered by analysts at Raymond James from C$269.00 to C$264.00.

Intact Financial Stock Down 0.8 %

IFC traded down C$2.20 during trading hours on Monday, hitting C$269.48. 116,828 shares of the company’s stock were exchanged, compared to its average volume of 283,181. 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 Co. has a 1-year low of C$197.82 and a 1-year high of C$274.88. The stock’s 50-day moving average is C$263.78 and its two-hundred day moving average is C$246.95. The stock has a market cap of C$48.06 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 2.01 and a beta of 0.57.

Intact Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $1.21 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $4.84 dividend on an annualized basis and a yield of 1.80%. Intact Financial’s dividend payout ratio (DPR) is 42.61%.

Insider Activity

In related news, Senior Officer Marie-Lucie Paradis sold 565 shares of Intact Financial stock in a transaction on Monday, November 11th. The shares were sold at an average price of C$266.23, for a total transaction of C$150,419.95. Also, Senior Officer Kenneth Anderson sold 2,000 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$253.88, for a total transaction of C$507,759.00. Insiders have sold 4,565 shares of company stock valued at $1,168,179 over the last ninety days. 0.24% of the stock is currently owned by company insiders.

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.