Intact Financial (TSE:IFC – Free Report) had its target price boosted by Cormark from C$243.00 to C$250.00 in a report issued on Friday morning, BayStreet.CA reports.
A number of other analysts also recently issued reports on the stock. Raymond James lifted 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 report on Wednesday, May 8th. Scotiabank lifted their price objective on shares of Intact Financial from C$264.00 to C$272.00 in a report on Wednesday, July 24th. BMO Capital Markets lifted their price objective on shares of Intact Financial from C$240.00 to C$250.00 in a report on Thursday, May 9th. National Bankshares boosted their price target on shares of Intact Financial from C$247.00 to C$260.00 in a research note on Thursday, May 9th. Finally, Royal Bank of Canada boosted their price target on shares of Intact Financial from C$226.00 to C$243.00 and gave the stock a sector perform rating in a research note on Wednesday, May 8th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of C$249.73.
Check Out Our Latest Stock Analysis on IFC
Intact Financial Stock Up 1.6 %
Intact Financial (TSE:IFC – Get Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The company reported C$3.63 earnings per share (EPS) for the quarter, topping 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 company had revenue of C$7.06 billion during the quarter, compared to the consensus estimate of C$8.33 billion. Equities research analysts expect that Intact Financial will post 14.6728435 earnings per share for the current fiscal year.
Intact Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date was Friday, June 14th. Intact Financial’s payout ratio is 56.21%.
Insider Buying and Selling at Intact Financial
In other Intact Financial news, Senior Officer Frédéric Cotnoir sold 2,200 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of C$228.12, for a total value of C$501,861.80. In related news, Senior Officer Frédéric Cotnoir sold 2,200 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of C$228.12, for a total transaction of C$501,861.80. Also, Senior Officer Louis Marcotte sold 300 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of C$228.61, for a total transaction of C$68,583.00. Over the last quarter, insiders have sold 32,500 shares of company stock worth $7,377,706. 0.23% of the stock is currently owned by company 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.
See Also
- Five stocks we like better than Intact Financial
- What Are Dividend Contenders? Investing in Dividend Contenders
- Is Crypto Cool Again? What Stocks You Should Be Watching
- What are earnings reports?
- Why Call Options Volume for These 2 Stocks Spiked Together
- Special Purpose Acquisition Company (SPAC) What You Need to Know
- MarketBeat Week in Review – 7/22 – 7/26
Receive News & Ratings for Intact Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intact Financial and related companies with MarketBeat.com's FREE daily email newsletter.