Intact Financial (TSE:IFC) Reaches New 12-Month High at $265.10

Intact Financial Co. (TSE:IFC)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as C$265.10 and last traded at C$264.36, with a volume of 52086 shares changing hands. The stock had previously closed at C$261.00.

Analyst Ratings Changes

IFC has been the topic of a number of recent analyst reports. TD Securities lifted their price target on shares of Intact Financial from C$270.00 to C$282.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Scotiabank reduced their target price 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 increased their price target 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 lifted their price objective 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. Finally, Desjardins boosted their price objective on 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 assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$264.40.

Intact Financial Stock Up 0.6 %

The company has a current ratio of 0.36, a quick ratio of 0.28 and a debt-to-equity ratio of 31.26. The company has a market capitalization of C$46.85 billion, a P/E ratio of 22.98, a PEG ratio of 2.01 and a beta of 0.57. The firm’s 50 day moving average price is C$251.47 and its two-hundred day moving average price is C$235.23.

Intact Financial (TSE:IFC) last released its earnings results on Tuesday, July 30th. The company reported C$4.86 earnings per share for the quarter, beating analysts’ consensus estimates 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. Equities research analysts forecast that Intact Financial Co. will post 16.0043887 EPS for the current year.

Intact Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a dividend of $1.21 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $4.84 annualized dividend and a yield of 1.84%. Intact Financial’s payout ratio is presently 42.61%.

Insider Buying and Selling at Intact Financial

In related news, Senior Officer Kenneth Anderson sold 2,000 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of C$253.88, for a total transaction of C$507,759.00. Corporate insiders own 0.24% of the company’s stock.

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.