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 the company’s 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 Trading Up 0.5 %

IFC traded up C$1.16 during trading hours on Friday, reaching C$253.00. 802,826 shares of the company’s stock traded hands, compared to its average volume of 287,912. 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 firm has a 50-day moving average price of C$248.42 and a 200 day moving average price of C$233.41. Intact Financial Co. has a 52-week low of C$188.27 and a 52-week high of C$263.74. The firm has a market capitalization of C$45.13 billion, a PE ratio of 22.21, a PEG ratio of 2.01 and a beta of 0.57.

Intact Financial (TSE:IFC) last posted its quarterly earnings results on Tuesday, July 30th. The company reported C$4.86 EPS for the quarter, topping the consensus estimate of C$3.61 by C$1.25. The company had revenue of C$7.07 billion for the quarter, compared to the consensus estimate of C$7.64 billion. Intact Financial had a net margin of 7.14% and a return on equity of 12.93%. As a group, sell-side analysts predict that Intact Financial Co. will post 15.9993679 EPS for the current fiscal year.

Intact Financial Announces Dividend

The firm also recently announced 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 yield of 1.91%. The ex-dividend date is Friday, September 13th. Intact Financial’s payout ratio is 42.68%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Desjardins boosted their target price 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. Scotiabank lowered their target price on Intact Financial from C$272.00 to C$263.00 and set an “outperform” rating on the stock in a research report on Thursday, August 22nd. CIBC upped their price target on Intact Financial from C$250.00 to C$270.00 and gave the stock an “outperform” rating in a research report 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 report on Thursday, August 1st. Finally, TD Securities lifted 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. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently 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.