Intact Financial (TSE:IFC) Shares Pass Above Two Hundred Day Moving Average - What's Next?

Shares of Intact Financial Co. (TSE:IFC - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$255.22 and traded as high as C$261.42. Intact Financial shares last traded at C$258.22, with a volume of 202,865 shares trading hands.

Analyst Ratings Changes

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

Intact Financial Trading Up 0.8 %

The company has a market capitalization of C$46.44 billion, a PE ratio of 22.92, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57. The stock's fifty day moving average price is C$266.22 and its two-hundred day moving average price is C$255.22. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a dividend of $1.21 per share. 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 1.86%. Intact Financial's dividend payout ratio is presently 42.61%.

Insider Activity

In related news, Senior Officer Darren Christopher Godfrey sold 1,850 shares of Intact Financial stock in a transaction dated Friday, December 6th. The stock was sold at an average price of C$272.50, for a total value of C$504,125.00. Also, Senior Officer Charles Brindamour sold 6,000 shares of the company's stock in a transaction on 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 valued at $2,385,573 in the last ninety days. Corporate insiders own 0.24% of the company's stock.

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.