Intact Financial (TSE:IFC) Reaches New 1-Year High at $21.31

Intact Financial Co. (TSE:IFCGet Free Report)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$21.31 and last traded at C$228.30, with a volume of 52399 shares traded. The stock had previously closed at C$229.94.

Analyst Ratings Changes

IFC has been the topic of a number of recent research reports. National Bankshares lifted their target price on Intact Financial from C$247.00 to C$260.00 in a research report on Thursday, May 9th. Scotiabank boosted their price objective on Intact Financial from C$261.00 to C$264.00 in a research report on Thursday, May 9th. CIBC upped their target price on Intact Financial from C$225.00 to C$250.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. TD Securities lifted their price target on shares of Intact Financial from C$250.00 to C$258.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Finally, Jefferies Financial Group increased their price objective on shares of Intact Financial from C$231.00 to C$242.00 in a research note on Thursday, May 9th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$247.30.

View Our Latest Analysis on Intact Financial

Intact Financial Stock Performance

The stock has a 50-day moving average of C$225.09 and a 200 day moving average of C$217.45. The firm has a market capitalization of C$40.75 billion, a P/E ratio of 26.54, a price-to-earnings-growth ratio of 2.01 and a beta of 0.53. The company has a debt-to-equity ratio of 32.83, a quick ratio of 0.28 and a current ratio of 0.35.

Intact Financial (TSE:IFCGet Free Report) last released its quarterly earnings results on Tuesday, May 7th. The company reported C$3.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$3.43 by C$0.20. Intact Financial had a return on equity of 10.00% and a net margin of 5.55%. The business had revenue of C$7.06 billion during the quarter, compared to analysts’ expectations of C$8.33 billion. On average, research analysts anticipate that Intact Financial Co. will post 14.6728435 earnings per share for the current year.

Intact Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Friday, June 14th. Intact Financial’s dividend payout ratio is 56.21%.

Insider Buying and Selling

In related news, Senior Officer Louis Marcotte sold 300 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of C$228.61, for a total transaction of C$68,583.00. In related news, Senior Officer Louis Marcotte sold 300 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of C$228.61, for a total value of C$68,583.00. Also, Senior Officer Louis Gagnon sold 10,000 shares of Intact Financial stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of C$229.56, for a total value of C$2,295,607.00. Insiders sold a total of 12,500 shares of company stock valued at $2,866,052 over the last ninety days. Insiders own 0.23% of the company’s stock.

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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