Intact Financial (TSE:IFC) Share Price Passes Above 200 Day Moving Average - What's Next?

Intact Financial Co. (TSE:IFC - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$257.34 and traded as high as C$259.98. Intact Financial shares last traded at C$259.84, with a volume of 201,647 shares.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Raymond James upped their price target on shares of Intact Financial from C$264.00 to C$290.00 in a research note on Wednesday, November 6th. Scotiabank boosted their price objective on Intact Financial from C$281.00 to C$283.00 in a report on Thursday, November 7th. TD Securities increased their target price on Intact Financial from C$293.00 to C$300.00 in a research note on Wednesday, November 6th. BMO Capital Markets boosted their price target on Intact Financial from C$275.00 to C$290.00 in a research note on Thursday, November 7th. Finally, National Bankshares upped their price objective on Intact Financial from C$294.00 to C$296.00 in a report on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, Intact Financial currently has an average rating of "Moderate Buy" and an average target price of C$274.90.

Intact Financial Stock Performance

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 stock has a market cap of C$46.20 billion, a P/E ratio of 22.80, a PEG ratio of 2.01 and a beta of 0.57. The stock has a 50-day simple moving average of C$263.17 and a 200-day simple moving average of C$257.55.

Intact Financial (TSE:IFC - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The company reported C$1.01 EPS for the quarter, beating the consensus estimate of C$0.29 by C$0.72. Intact Financial had a net margin of 7.14% and a return on equity of 12.93%. During the same period in the prior year, the business posted $2.10 earnings per share. Research analysts forecast that Intact Financial Co. will post 16.1721014 earnings per share for the current year.

Intact Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a $1.21 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $4.84 dividend on an annualized basis and a yield of 1.87%. Intact Financial's payout ratio is presently 42.61%.

Insider Buying and Selling at Intact Financial

In related news, Senior Officer Darren Christopher Godfrey sold 1,850 shares of the business's stock in a transaction on Friday, December 6th. The shares were sold at an average price of C$272.50, for a total value of C$504,125.00. Also, Senior Officer Marie-Lucie Paradis sold 565 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of C$266.23, for a total value of C$150,419.95. Over the last three months, insiders sold 8,865 shares of company stock worth $2,385,573. 0.24% of the stock is currently owned by 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.