Intact Financial Co. (TSE:IFC - Get Free Report) Senior Officer Marie-Lucie Paradis sold 565 shares of the firm's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of C$266.23, for a total transaction of C$150,419.95.
Intact Financial Trading Up 0.7 %
TSE:IFC opened at C$268.01 on Tuesday. Intact Financial Co. has a 52 week low of C$197.82 and a 52 week high of C$273.05. The stock has a market cap of C$47.80 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 2.01 and a beta of 0.57. The company's 50 day moving average price is C$260.44 and its 200-day moving average price is C$243.94. 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 Dividend Announcement
The firm also recently announced 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. This represents a $4.84 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Monday, December 16th. Intact Financial's dividend payout ratio (DPR) is 42.61%.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on IFC shares. Scotiabank increased their target price on Intact Financial from C$281.00 to C$283.00 in a research report on Thursday, November 7th. National Bankshares increased their price objective on Intact Financial from C$294.00 to C$296.00 in a report on Wednesday, November 6th. Cormark raised their price objective on Intact Financial from C$250.00 to C$260.00 and gave the company a "buy" rating in a research report on Thursday, August 1st. Desjardins upped their target price on shares of Intact Financial from C$250.00 to C$255.00 and gave the stock a "buy" rating in a research report on Tuesday, July 23rd. Finally, BMO Capital Markets lifted their price target on shares of Intact Financial from C$275.00 to C$290.00 in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$274.90.
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About Intact Financial
(
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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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