Intact Financial (TSE:IFC) Reaches New 12-Month Low - Here's Why

Shares of Intact Financial Co. (TSE:IFC - Get Free Report) reached a new 52-week low on Tuesday . The company traded as low as C$0.03 and last traded at C$287.04, with a volume of 91997 shares changing hands. The stock had previously closed at C$285.11.

Analysts Set New Price Targets

IFC has been the topic of a number of recent research reports. BMO Capital Markets raised their target price on Intact Financial from C$290.00 to C$315.00 in a report on Thursday, February 13th. TD Securities raised their target price on Intact Financial from C$300.00 to C$324.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. UBS Group raised their target price on Intact Financial from C$275.00 to C$290.00 in a report on Tuesday, February 18th. Jefferies Financial Group increased their price target on Intact Financial from C$284.00 to C$301.00 in a research report on Thursday, February 13th. Finally, Desjardins increased their price target on Intact Financial from C$295.00 to C$315.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of C$292.64.

Intact Financial Stock Up 0.8 %

The stock has a 50-day simple moving average of C$269.33 and a 200-day simple moving average of C$264.61. The firm has a market capitalization of C$51.66 billion, a PE ratio of 22.49, a P/E/G ratio of 2.01 and a beta of 0.57.

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Insiders Place Their Bets

In other news, Senior Officer Benoit Morissette sold 6,000 shares of Intact Financial stock in a transaction on Thursday, February 13th. The stock was sold at an average price of C$287.12, for a total value of C$1,722,738.00. Company insiders own 0.24% of the company's stock.

Intact Financial Company Profile

Intact Financial Corp is a property and casualty insurance company that provides written premiums in Canada. The company distributes insurance under the Intact Insurance brand through a network of brokers and a wholly-owned subsidiary, BrokerLink, and directly to consumers through Belairdirect. Most of the company's direct premiums are written in the personal automotive space.