Shares of Intact Financial Co. (TSE:IFC – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$274.90.
Several equities analysts recently issued reports on the stock. National Bankshares boosted their price target on shares of Intact Financial from C$294.00 to C$296.00 in a research report on Wednesday, November 6th. TD Securities increased their target price on Intact Financial from C$293.00 to C$300.00 in a research report on Wednesday, November 6th. BMO Capital Markets lifted their price target on Intact Financial from C$275.00 to C$290.00 in a research report on Thursday, November 7th. Scotiabank increased their price objective on Intact Financial from C$281.00 to C$283.00 in a report on Thursday, November 7th. Finally, Raymond James boosted their target price on shares of Intact Financial from C$264.00 to C$290.00 in a report on Wednesday, November 6th.
Read Our Latest Analysis on Intact Financial
Intact Financial Stock Performance
Intact Financial Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a $1.21 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $4.84 annualized dividend and a yield of 1.85%. Intact Financial’s payout ratio is presently 42.61%.
Insider Transactions at Intact Financial
In related news, Senior Officer Marie-Lucie Paradis sold 565 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of C$266.23, for a total value of C$150,419.95. Also, Senior Officer Frédéric Cotnoir sold 450 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of C$266.73, for a total transaction of C$120,028.50. Insiders have sold 8,865 shares of company stock worth $2,385,573 in the last 90 days. 0.24% of the stock is currently owned by insiders.
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.
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