Intact Financial Co. (TSE:IFC) Receives Average Recommendation of "Moderate Buy" from Analysts

Intact Financial Co. (TSE:IFC - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eleven analysts that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$292.90.

A number of research analysts recently weighed in on the stock. Jefferies Financial Group lifted their price objective on shares of Intact Financial from C$284.00 to C$301.00 in a report on Thursday. BMO Capital Markets increased their price objective on Intact Financial from C$290.00 to C$315.00 in a research note on Thursday. CIBC boosted their target price on Intact Financial from C$280.00 to C$290.00 and gave the stock a "neutral" rating in a research note on Thursday. Desjardins boosted their price objective on Intact Financial from C$295.00 to C$315.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Cibc World Mkts lowered shares of Intact Financial from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 29th.

Intact Financial Stock Down 1.1 %

TSE IFC traded down C$3.16 during trading on Monday, hitting C$287.10. The stock had a trading volume of 282,430 shares, compared to its average volume of 243,304. The company has a market capitalization of C$51.07 billion, a PE ratio of 22.23, a PEG ratio of 2.01 and a beta of 0.57. Intact Financial has a twelve month low of C$213.11 and a twelve month high of C$294.35. The firm has a 50 day moving average price of C$262.47 and a 200 day moving average price of C$260.27.

Insider Activity at Intact Financial

In other news, Senior Officer Charles Brindamour sold 6,000 shares of Intact Financial stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of C$268.50, for a total transaction of C$1,611,000.00. Also, Senior Officer Darren Christopher Godfrey sold 1,850 shares of the business's stock in a transaction dated Friday, December 6th. The shares were sold at an average price of C$272.50, for a total value of C$504,125.00. Insiders sold 14,300 shares of company stock valued at $3,957,892 over the last three months. 0.24% of the stock is owned by corporate insiders.

Intact Financial Company Profile

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.