Intact Financial (TSE:IFC) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

Intact Financial Co. (TSE:IFC) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$257.34 and traded as high as C$259.98. Intact Financial shares last traded at C$259.84, with a volume of 201,647 shares trading hands.

Analysts Set New Price Targets

Several research firms have commented on IFC. National Bankshares lifted their price target on Intact Financial from C$294.00 to C$296.00 in a report on Wednesday, November 6th. Scotiabank lifted their price objective on Intact Financial from C$281.00 to C$283.00 in a research note on Thursday, November 7th. Raymond James lifted their price objective on Intact Financial from C$264.00 to C$290.00 in a research note on Wednesday, November 6th. 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. Finally, BMO Capital Markets lifted their price objective on Intact Financial from C$275.00 to C$290.00 in a research note on Thursday, November 7th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$274.90.

Intact Financial Stock Down 0.3 %

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 fifty day simple moving average of C$262.98 and a 200-day simple moving average of C$257.56. The company has a market capitalization of C$46.20 billion, a PE ratio of 22.80, a P/E/G ratio of 2.01 and a beta of 0.57.

Intact Financial (TSE:IFC) last posted its quarterly earnings data on Tuesday, November 5th. The company reported C$1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.29 by C$0.72. Intact Financial had a return on equity of 12.93% and a net margin of 7.14%. During the same quarter in the prior year, the firm posted $2.10 EPS. Equities research analysts anticipate that Intact Financial Co. will post 16.1721014 EPS for the current fiscal year.

Intact Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a dividend of $1.21 per share. The ex-dividend date was Monday, December 16th. This represents a $4.84 dividend on an annualized basis and a yield of 1.87%. Intact Financial’s dividend payout ratio (DPR) is presently 42.61%.

Insiders Place Their Bets

In related news, Senior Officer Darren Christopher Godfrey sold 1,850 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of C$272.50, for a total value of C$504,125.00. Also, Senior Officer Marie-Lucie Paradis sold 565 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of C$266.23, for a total transaction of C$150,419.95. In the last quarter, insiders sold 8,865 shares of company stock worth $2,385,573. 0.24% of the stock is 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.