Intact Financial (TSE:IFC) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Intact Financial Co. (TSE:IFC)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$257.34 and traded as high as C$259.98. Intact Financial shares last traded at C$259.84, with a volume of 201,647 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. National Bankshares increased their price target on Intact Financial from C$294.00 to C$296.00 in a research report on Wednesday, November 6th. BMO Capital Markets raised their price target on Intact Financial from C$275.00 to C$290.00 in a research report on Thursday, November 7th. Raymond James upped their target price on shares of Intact Financial from C$264.00 to C$290.00 in a research note on Wednesday, November 6th. TD Securities raised their price objective on shares of Intact Financial from C$293.00 to C$300.00 in a report on Wednesday, November 6th. Finally, Scotiabank upped their price objective on Intact Financial from C$281.00 to C$283.00 in a research report on Thursday, November 7th. Two investment 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 stock currently has a consensus rating of “Moderate Buy” and an average target price of C$274.90.

Intact Financial Stock Up 0.7 %

The firm has a market cap of C$46.35 billion, a P/E ratio of 22.87, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57. The firm has a fifty day moving average of C$263.39 and a 200-day moving average of C$257.34. 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 (TSE:IFC) last released its quarterly earnings data on Tuesday, November 5th. The company reported C$1.01 earnings per share for the quarter, topping the consensus estimate of C$0.29 by C$0.72. Intact Financial had a net margin of 7.14% and a return on equity of 12.93%. During the same quarter last year, the firm posted $2.10 EPS. On average, equities research analysts anticipate that Intact Financial Co. will post 16.1721014 earnings per share for the current year.

Intact Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend was Monday, December 16th. Intact Financial’s dividend payout ratio (DPR) is presently 42.61%.

Insider Activity

In other news, Senior Officer Charles Brindamour sold 6,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of C$268.50, for a total value of C$1,611,000.00. Also, Senior Officer Frédéric Cotnoir sold 450 shares of Intact Financial stock in a transaction dated 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 valued at $2,385,573 over the last ninety days. 0.24% of the stock is currently owned by company 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.