Intact Financial Co. (TSE:IFC) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Intact Financial Co. (TSE:IFC) have been given an average recommendation of “Moderate Buy” by the ten brokerages that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$274.90.

A number of equities analysts have recently commented on the company. TD Securities boosted their price objective on Intact Financial from C$293.00 to C$300.00 in a research report on Wednesday, November 6th. BMO Capital Markets upped their price target on Intact Financial from C$275.00 to C$290.00 in a report on Thursday, November 7th. Scotiabank upped their price target on Intact Financial from C$281.00 to C$283.00 in a report on Thursday, November 7th. National Bankshares upped their price target on Intact Financial from C$294.00 to C$296.00 in a report on Wednesday, November 6th. Finally, Jefferies Financial Group lowered 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.

Insider Buying and Selling at Intact Financial

In other news, Senior Officer Marie-Lucie Paradis sold 565 shares of the company’s 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. Also, Senior Officer Kenneth Anderson sold 2,000 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$253.88, for a total value of C$507,759.00. Over the last quarter, insiders sold 10,565 shares of company stock worth $2,779,179. 0.24% of the stock is owned by insiders.

Intact Financial Stock Performance

TSE IFC opened at C$266.67 on Wednesday. The company has a market cap of C$47.56 billion, a P/E ratio of 23.47, a P/E/G ratio of 2.01 and a beta of 0.57. The company has a debt-to-equity ratio of 31.26, a current ratio of 0.36 and a quick ratio of 0.28. The stock has a 50-day moving average of C$265.17 and a two-hundred day moving average of C$248.30. Intact Financial has a 1-year low of C$197.82 and a 1-year high of C$275.00.

Intact Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend is Monday, December 16th. Intact Financial’s dividend payout ratio is currently 42.61%.

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.