Intact Financial Co. (TSE:IFC) Senior Officer Sells C$507,759.00 in Stock

Intact Financial Co. (TSE:IFC) Senior Officer Kenneth Anderson sold 2,000 shares of Intact Financial stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$253.88, for a total transaction of C$507,759.00.

Intact Financial Stock Up 1.4 %

IFC opened at C$255.27 on Monday. The firm has a 50-day simple moving average of C$248.80 and a two-hundred day simple moving average of C$233.67. Intact Financial Co. has a 52 week low of C$188.27 and a 52 week high of C$263.74. The company has a market capitalization of C$45.53 billion, a PE ratio of 22.47, a price-to-earnings-growth 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 (TSE:IFC) last released 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. Intact Financial had a net margin of 7.14% and a return on equity of 12.93%. The business had revenue of C$7.07 billion during the quarter, compared to the consensus estimate of C$7.64 billion. Analysts forecast that Intact Financial Co. will post 16.0043887 earnings per share for the current fiscal year.

Intact Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued 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%.

Analyst Ratings Changes

Several brokerages have recently weighed in on IFC. BMO Capital Markets lifted their price target on shares of Intact Financial from C$250.00 to C$275.00 in a research note on Thursday, August 1st. Cormark lifted their price target on shares of Intact Financial from C$250.00 to C$260.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. TD Securities lifted their target price on shares of Intact Financial from C$270.00 to C$282.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. CIBC upped their target price on shares of Intact Financial from C$250.00 to C$270.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Finally, Raymond James upped their target price on shares of Intact Financial from C$261.00 to C$269.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.