Insider Selling: Intact Financial Co. (TSE:IFC) Senior Officer Sells 2,000 Shares of Stock

Intact Financial Co. (TSE:IFC) 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.

Intact Financial Stock Performance

TSE:IFC traded up C$3.43 during mid-day trading on Friday, hitting C$255.27. The stock had a trading volume of 1,156,695 shares, compared to its average volume of 289,867. Intact Financial Co. has a twelve month low of C$188.27 and a twelve month high of C$263.74. The stock has a market cap of C$45.53 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 2.01 and a beta of 0.57. The company’s 50 day simple moving average is C$248.42 and its 200 day simple moving average is C$233.41. The company has a debt-to-equity ratio of 31.26, a quick ratio of 0.28 and a current ratio of 0.36.

Intact Financial (TSE:IFC) last issued its earnings results on Tuesday, July 30th. The company reported C$4.86 earnings per share (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. On average, equities research analysts forecast that Intact Financial Co. will post 15.9993679 earnings per share for the current year.

Intact Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a $1.21 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $4.84 annualized dividend and a yield of 1.90%. Intact Financial’s dividend payout ratio is currently 42.68%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on IFC shares. BMO Capital Markets upped their price objective on Intact Financial from C$250.00 to C$275.00 in a report on Thursday, August 1st. Scotiabank reduced their price objective on Intact Financial from C$272.00 to C$263.00 and set an “outperform” rating on the stock in a report on Thursday, August 22nd. Raymond James upped their price objective on Intact Financial from C$261.00 to C$269.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. National Bankshares upped their target price on shares of Intact Financial from C$260.00 to C$265.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Finally, Desjardins upped their price objective on shares of Intact Financial from C$250.00 to C$255.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$264.40.

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.