Intact Financial Co. (TSE:IFC - Get Free Report) Senior Officer Frédéric Cotnoir sold 450 shares of the firm's stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of C$266.73, for a total transaction of C$120,028.50.
Intact Financial Trading Down 0.5 %
Shares of Intact Financial stock opened at C$269.60 on Wednesday. The company's fifty day simple moving average is C$265.76 and its 200-day simple moving average is C$248.91. The stock has a market capitalization of C$48.09 billion, a PE ratio of 23.73, a P/E/G ratio of 2.01 and a beta of 0.57. Intact Financial Co. has a 1-year low of C$197.82 and a 1-year high of C$275.00. The company has a debt-to-equity ratio of 31.26, a current ratio of 0.36 and a quick ratio of 0.28.
Intact Financial Announces Dividend
The company also recently disclosed 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. The ex-dividend date of this dividend is Monday, December 16th. This represents a $4.84 annualized dividend and a dividend yield of 1.80%. Intact Financial's payout ratio is 42.61%.
Wall Street Analysts Forecast Growth
IFC has been the topic of a number of recent analyst reports. National Bankshares increased their price target on shares of Intact Financial from C$294.00 to C$296.00 in a report on Wednesday, November 6th. Raymond James increased their price target on shares of Intact Financial from C$264.00 to C$290.00 in a report on Wednesday, November 6th. Jefferies Financial Group dropped their target price on shares of Intact Financial from C$264.00 to C$262.00 and set a "hold" rating on the stock in a report on Thursday, August 22nd. TD Securities raised their target price on shares of Intact Financial from C$293.00 to C$300.00 in a report on Wednesday, November 6th. Finally, BMO Capital Markets raised their target price on shares of Intact Financial from C$275.00 to C$290.00 in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Intact Financial has an average rating of "Moderate Buy" and an average price target of C$274.90.
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Intact Financial Company Profile
(
Get Free Report)
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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