Intact Financial Co. (TSE:IFC) Senior Officer Marie-Lucie Paradis Sells 565 Shares

Intact Financial Co. (TSE:IFC - Get Free Report) Senior Officer Marie-Lucie Paradis sold 565 shares of the firm's stock in a transaction on Monday, November 11th. The shares were sold at an average price of C$266.23, for a total transaction of C$150,419.95.

Intact Financial Trading Up 0.8 %

Shares of TSE:IFC traded up C$2.20 during trading on Monday, hitting C$268.43. 40,383 shares of the company's stock were exchanged, compared to its average volume of 285,726. The firm has a 50-day moving average price of C$260.44 and a two-hundred day moving average price of C$243.94. Intact Financial Co. has a 1-year low of C$197.82 and a 1-year high of C$273.05. The firm has a market cap of C$47.88 billion, a P/E ratio of 23.44, a PEG ratio of 2.01 and a beta of 0.57. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Monday, December 16th. Intact Financial's dividend payout ratio is presently 42.61%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on IFC shares. National Bankshares raised their price objective on shares of Intact Financial from C$294.00 to C$296.00 in a report on Wednesday, November 6th. Desjardins raised their price objective on shares of Intact Financial from C$250.00 to C$255.00 and gave the stock a "buy" rating in a report on Tuesday, July 23rd. Raymond James raised their price objective on shares of Intact Financial from C$264.00 to C$290.00 in a report on Wednesday, November 6th. Scotiabank raised their price objective on shares of Intact Financial from C$281.00 to C$283.00 in a report on Thursday. Finally, BMO Capital Markets raised their price objective on shares of Intact Financial from C$275.00 to C$290.00 in a report on Thursday. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Intact Financial presently has an average rating of "Moderate Buy" and an average target price 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.