Intact Financial Co. (TSE:IFC) Senior Officer Sells C$510,000.00 in Stock

Intact Financial Co. (TSE:IFC) Senior Officer Darren Christopher Godfrey sold 2,000 shares of Intact Financial stock in a transaction on Monday, September 16th. The shares were sold at an average price of C$255.00, for a total value of C$510,000.00.

Intact Financial Stock Up 1.4 %

IFC opened at C$255.27 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.36 and a debt-to-equity ratio of 31.26. The business’s fifty day simple moving average is C$248.80 and its 200 day simple moving average is C$233.61. Intact Financial Co. has a 52 week low of C$188.27 and a 52 week high of C$263.74. The stock has a market cap of C$45.53 billion, a PE ratio of 22.47, a P/E/G ratio of 2.01 and a beta of 0.57.

Intact Financial (TSE:IFC) last announced its quarterly earnings data on Tuesday, July 30th. The company reported C$4.86 EPS for the quarter, beating the consensus estimate of C$3.61 by C$1.25. The firm had revenue of C$7.07 billion for the quarter, compared to analyst estimates of C$7.64 billion. Intact Financial had a return on equity of 12.93% and a net margin of 7.14%. As a group, research analysts expect that Intact Financial Co. will post 16.0043887 earnings per share for the current fiscal year.

Intact Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Friday, September 13th. Intact Financial’s dividend payout ratio (DPR) is presently 42.61%.

Wall Street Analyst Weigh In

IFC has been the subject of a number of recent analyst reports. National Bankshares lifted their target price on Intact Financial from C$260.00 to C$265.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Cormark boosted their price objective on shares of Intact Financial from C$250.00 to C$260.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. BMO Capital Markets increased their target price on shares of Intact Financial from C$250.00 to C$275.00 in a research note on Thursday, August 1st. TD Securities raised their price target on shares of Intact Financial from C$270.00 to C$282.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Jefferies Financial Group decreased their price target on shares of Intact Financial from C$264.00 to C$262.00 and set a “hold” rating on the stock in a report on Thursday, August 22nd. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$264.40.

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.