Intact Financial Co. (TSE:IFC) Given Average Recommendation of “Moderate Buy” by Analysts

Intact Financial Co. (TSE:IFC) has received an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$247.30.

Several research firms have weighed in on IFC. Scotiabank boosted their target price on shares of Intact Financial from C$261.00 to C$264.00 in a report on Thursday, May 9th. National Bankshares increased their price objective on shares of Intact Financial from C$247.00 to C$260.00 in a research report on Thursday, May 9th. Jefferies Financial Group increased their price objective on shares of Intact Financial from C$231.00 to C$242.00 in a research report on Thursday, May 9th. Raymond James increased their price objective on shares of Intact Financial from C$247.00 to C$261.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. Finally, BMO Capital Markets increased their price objective on shares of Intact Financial from C$240.00 to C$250.00 in a research report on Thursday, May 9th.

Intact Financial Stock Performance

TSE:IFC opened at C$231.72 on Friday. The company has a debt-to-equity ratio of 32.83, a current ratio of 0.35 and a quick ratio of 0.28. The firm has a market capitalization of C$41.32 billion, a price-to-earnings ratio of 27.00, a PEG ratio of 2.01 and a beta of 0.53. The company’s 50-day moving average is C$226.99 and its two-hundred day moving average is C$219.47. Intact Financial has a 1-year low of C$188.22 and a 1-year high of C$237.25.

Intact Financial (TSE:IFC) last posted its earnings results 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. The company had revenue of C$7.06 billion for the quarter, compared to analyst estimates of C$8.33 billion. Intact Financial had a net margin of 5.55% and a return on equity of 10.00%. Analysts forecast that Intact Financial will post 14.6728435 EPS for the current year.

Intact Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a dividend of $1.21 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $4.84 dividend on an annualized basis and a yield of 2.09%. Intact Financial’s dividend payout ratio (DPR) is presently 56.21%.

Insiders Place Their Bets

In other Intact Financial news, Senior Officer Louis Gagnon sold 10,000 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of C$223.08, for a total transaction of C$2,230,768.00. In other news, Senior Officer Louis Gagnon sold 10,000 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of C$223.08, for a total value of C$2,230,768.00. Also, Senior Officer Frédéric Cotnoir sold 2,200 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of C$228.12, for a total transaction of C$501,861.80. Insiders have sold a total of 32,500 shares of company stock worth $7,377,706 in the last ninety days. 0.23% of the stock is 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.