Insider Selling: Intact Financial Co. (TSE:IFC) Senior Officer Sells 6,000 Shares of Stock

Intact Financial Co. (TSE:IFC) Senior Officer Charles Brindamour sold 6,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of C$268.50, for a total value of C$1,611,000.00.

Intact Financial Trading Up 0.2 %

Shares of IFC stock opened at C$266.89 on Friday. The stock has a market cap of C$47.60 billion, a P/E ratio of 23.49, 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 Co. has a fifty-two week low of C$197.82 and a fifty-two week high of C$275.00. The business has a fifty day simple moving average of C$264.94 and a 200-day simple moving average of C$247.87.

Intact Financial Dividend Announcement

The firm also recently announced 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. This represents a $4.84 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Monday, December 16th. Intact Financial’s payout ratio is currently 42.61%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on IFC shares. Raymond James boosted their price target on Intact Financial from C$264.00 to C$290.00 in a research report on Wednesday, November 6th. CIBC boosted their price target 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. Scotiabank boosted their price target on Intact Financial from C$281.00 to C$283.00 in a research report on Thursday, November 7th. TD Securities boosted their target price on Intact Financial from C$293.00 to C$300.00 in a research report on Wednesday, November 6th. Finally, Jefferies Financial Group reduced their price target on Intact Financial from C$264.00 to C$262.00 and set a “hold” rating for the company in a report on Thursday, August 22nd. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Intact Financial has a consensus rating of “Moderate Buy” and an average target price of C$274.90.

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.