Intact Financial Co. (TSE:IFC) Declares $1.21 Quarterly Dividend

Intact Financial Co. (TSE:IFC - Get Free Report) announced a quarterly dividend on Tuesday, November 5th,Zacks Dividends reports. Stockholders of record on Monday, December 16th will be given a dividend of 1.21 per share on Tuesday, December 31st. This represents a $4.84 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Monday, December 16th.

Intact Financial Trading Down 0.4 %

Shares of Intact Financial stock traded down C$1.05 on Thursday, hitting C$263.97. 238,228 shares of the company traded hands, compared to its average volume of 287,153. The stock's 50 day moving average price is C$259.90 and its 200-day moving average price is C$243.33. The company has a current ratio of 0.36, a quick ratio of 0.28 and a debt-to-equity ratio of 31.26. Intact Financial has a 52 week low of C$197.82 and a 52 week high of C$273.05. The company has a market cap of C$47.08 billion, a PE ratio of 23.24, a PEG ratio of 2.01 and a beta of 0.57.

Insider Transactions at Intact Financial

In other news, Senior Officer Darren Christopher Godfrey sold 2,000 shares of the company's stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$255.00, for a total transaction of C$510,000.00. Insiders own 0.24% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on IFC. Scotiabank lifted their price target on shares of Intact Financial from C$281.00 to C$283.00 in a research note on Thursday. Cormark boosted their price objective on shares of Intact Financial from C$250.00 to C$260.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Jefferies Financial Group reduced their price objective on shares of Intact Financial from C$264.00 to C$262.00 and set a "hold" rating for the company in a research note on Thursday, August 22nd. TD Securities boosted their price objective on shares of Intact Financial from C$293.00 to C$300.00 in a research note on Wednesday. Finally, CIBC boosted their price objective on shares of Intact Financial from C$250.00 to C$270.00 and gave the stock an "outperform" rating in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$274.90.

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.