Intact Financial Co. (TSE:IFC) Senior Officer Benoit Morissette Sells 6,000 Shares

Intact Financial Co. (TSE:IFC - Get Free Report) Senior Officer Benoit Morissette sold 6,000 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of C$287.12, for a total transaction of C$1,722,738.00.

Intact Financial Stock Performance

Shares of TSE IFC traded up C$1.11 during mid-day trading on Monday, hitting C$288.21. 297,621 shares of the stock were exchanged, compared to its average volume of 245,001. The company has a market cap of C$51.27 billion, a P/E ratio of 22.32, a PEG ratio of 2.01 and a beta of 0.57. The stock's fifty day simple moving average is C$263.23 and its two-hundred day simple moving average is C$260.90. Intact Financial Co. has a twelve month low of C$216.62 and a twelve month high of C$294.35.

Analysts Set New Price Targets

IFC has been the subject of several research reports. TD Securities increased their target price on shares of Intact Financial from C$300.00 to C$324.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Desjardins increased their target price on shares of Intact Financial from C$295.00 to C$315.00 and gave the company a "buy" rating in a research note on Thursday. CIBC increased their target price on shares of Intact Financial from C$280.00 to C$290.00 and gave the company a "neutral" rating in a research note on Thursday. Scotiabank increased their price target on shares of Intact Financial from C$281.00 to C$283.00 in a research report on Thursday, November 7th. Finally, BMO Capital Markets increased their price target on shares of Intact Financial from C$290.00 to C$315.00 in a research report on Thursday. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, Intact Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of C$292.90.

About Intact Financial

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.