Intact Financial Co. (TSE:IFC) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of Intact Financial Co. (TSE:IFC - Get Free Report) have earned a consensus rating of "Moderate Buy" from the ten research firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$274.90.

IFC has been the subject of a number of recent analyst reports. TD Securities upped their price target on shares of Intact Financial from C$293.00 to C$300.00 in a report on Wednesday, November 6th. Raymond James increased their target price on Intact Financial from C$264.00 to C$290.00 in a research note on Wednesday, November 6th. Scotiabank lifted their price target on Intact Financial from C$281.00 to C$283.00 in a research report on Thursday, November 7th. BMO Capital Markets increased their price objective on Intact Financial from C$275.00 to C$290.00 in a research report on Thursday, November 7th. Finally, National Bankshares raised their price objective on shares of Intact Financial from C$294.00 to C$296.00 in a research note on Wednesday, November 6th.

Intact Financial Stock Performance

Shares of TSE:IFC traded up C$2.35 during trading on Friday, reaching C$262.06. The stock had a trading volume of 838,020 shares, compared to its average volume of 285,312. The stock has a fifty day simple moving average of C$267.31 and a two-hundred day simple moving average of C$251.92. The company has a quick ratio of 0.28, a current ratio of 0.36 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$275.84. The firm has a market capitalization of C$46.74 billion, a price-to-earnings ratio of 23.07, a P/E/G ratio of 2.01 and a beta of 0.57.

Intact Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $1.21 dividend. This represents a $4.84 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Monday, December 16th. Intact Financial's dividend payout ratio (DPR) is presently 42.61%.

Insider Activity

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