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

Intact Financial Co. (TSE:IFC - Get Free Report) has received a consensus rating of "Moderate Buy" from the ten ratings firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$274.90.

A number of analysts have commented on IFC shares. Scotiabank upped their price objective on shares of Intact Financial from C$281.00 to C$283.00 in a research note on Thursday, November 7th. Raymond James raised their price objective on shares of Intact Financial from C$264.00 to C$290.00 in a research note on Wednesday, November 6th. TD Securities boosted their target price on shares of Intact Financial from C$293.00 to C$300.00 in a research note on Wednesday, November 6th. BMO Capital Markets raised their target price on Intact Financial from C$275.00 to C$290.00 in a research report on Thursday, November 7th. Finally, National Bankshares lifted their price target on Intact Financial from C$294.00 to C$296.00 in a report on Wednesday, November 6th.

Intact Financial Price Performance

Shares of IFC traded up C$1.78 during trading hours on Thursday, hitting C$255.17. 201,220 shares of the company were exchanged, compared to its average volume of 181,144. The company has a debt-to-equity ratio of 31.26, a current ratio of 0.36 and a quick ratio of 0.28. The company has a market capitalization of C$45.51 billion, a PE ratio of 22.46, a PEG ratio of 2.01 and a beta of 0.57. The firm has a fifty day simple moving average of C$264.47 and a 200-day simple moving average of C$256.45. Intact Financial has a one year low of C$200.55 and a one year high of C$275.84.

Intact Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend was Monday, December 16th. Intact Financial's payout ratio is presently 42.61%.

Insider Transactions at Intact Financial

In other news, Senior Officer Marie-Lucie Paradis sold 565 shares of Intact Financial stock in a transaction dated Monday, November 11th. The stock was sold at an average price of C$266.23, for a total value of C$150,419.95. Also, Senior Officer Charles Brindamour sold 6,000 shares of the business's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of C$268.50, for a total value of C$1,611,000.00. Insiders have sold a total of 8,865 shares of company stock worth $2,385,573 in the last 90 days. 0.24% of the stock is owned by insiders.

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.