Insider Selling: Intact Financial Co. (TSE:IFC) Senior Officer Sells 450 Shares of Stock

Intact Financial Co. (TSE:IFC) Senior Officer Frédéric Cotnoir sold 450 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of C$266.73, for a total transaction of C$120,028.50.

Intact Financial Stock Performance

Shares of TSE IFC traded down C$1.25 during midday trading on Tuesday, hitting C$269.60. 303,847 shares of the stock traded hands, compared to its average volume of 285,131. Intact Financial Co. has a one year low of C$197.82 and a one year high of C$275.00. The firm has a 50-day moving average of C$265.46 and a two-hundred day moving average of C$248.62. The company has a debt-to-equity ratio of 31.26, a quick ratio of 0.28 and a current ratio of 0.36. The firm has a market capitalization of C$48.09 billion, a P/E ratio of 23.84, a PEG ratio of 2.01 and a beta of 0.57.

Intact Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Monday, December 16th. Intact Financial’s payout ratio is 42.61%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. TD Securities lifted their price objective on Intact Financial from C$293.00 to C$300.00 in a research note on Wednesday, November 6th. Raymond James upped their price target on shares of Intact Financial from C$264.00 to C$290.00 in a research note on Wednesday, November 6th. National Bankshares raised their price objective on shares of Intact Financial from C$294.00 to C$296.00 in a research note on Wednesday, November 6th. Jefferies Financial Group decreased their target price on shares of 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. Finally, BMO Capital Markets increased their price target on shares of Intact Financial from C$275.00 to C$290.00 in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$274.90.

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.