Intact Financial (TSE:IFC) Price Target Raised to C$296.00

Intact Financial (TSE:IFC) had its price objective raised by National Bankshares from C$294.00 to C$296.00 in a research note issued to investors on Wednesday morning,BayStreet.CA reports.

IFC has been the subject of a number of other reports. Cormark upped 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 report on Thursday, August 1st. TD Securities upped their target price on Intact Financial from C$293.00 to C$300.00 in a research report on Wednesday. BMO Capital Markets increased their target price on Intact Financial from C$250.00 to C$275.00 in a research note on Thursday, August 1st. Jefferies Financial Group reduced their price target on Intact Financial from C$264.00 to C$262.00 and set a “hold” rating on the stock in a research report on Thursday, August 22nd. Finally, Raymond James increased their price objective on shares of Intact Financial from C$264.00 to C$290.00 in a research report on Wednesday. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$274.90.

Intact Financial Trading Up 0.9 %

Shares of IFC stock opened at C$266.23 on Wednesday. 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 has a fifty-two week low of C$197.82 and a fifty-two week high of C$273.05. The firm’s 50 day moving average price is C$260.44 and its two-hundred day moving average price is C$243.63. The stock has a market cap of C$47.48 billion, a price-to-earnings ratio of 23.44, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57.

Intact Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Monday, December 16th. Intact Financial’s payout ratio is currently 42.61%.

Insider Buying and Selling

In other Intact Financial news, Senior Officer Darren Christopher Godfrey sold 2,000 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of C$255.00, for a total transaction of C$510,000.00. 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.