Intact Financial (TSE:IFC) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Intact Financial Co. (TSE:IFC - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$251.63 and traded as high as C$261.62. Intact Financial shares last traded at C$258.63, with a volume of 255,902 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on IFC shares. Raymond James raised their price target on Intact Financial from C$264.00 to C$290.00 in a research report on Wednesday, November 6th. Jefferies Financial Group dropped their price target on Intact Financial from C$264.00 to C$262.00 and set a "hold" rating on the stock in a research report on Thursday, August 22nd. National Bankshares increased their price objective on Intact Financial from C$294.00 to C$296.00 in a research report on Wednesday, November 6th. BMO Capital Markets boosted their target price on shares of Intact Financial from C$275.00 to C$290.00 in a research report on Thursday, November 7th. Finally, TD Securities increased their price target on shares of Intact Financial from C$293.00 to C$300.00 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.com, Intact Financial has a consensus rating of "Moderate Buy" and an average price target 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 firm has a market cap of C$46.32 billion, a P/E ratio of 22.86, a PEG ratio of 2.01 and a beta of 0.57. The stock's 50 day moving average is C$267.15 and its two-hundred day moving average is C$251.63.

Intact Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $1.21 per share. The ex-dividend date is Monday, December 16th. This represents a $4.84 annualized dividend and a yield of 1.86%. Intact Financial's dividend payout ratio is currently 42.61%.

Insider Buying and Selling at Intact Financial

In related news, Senior Officer Marie-Lucie Paradis sold 565 shares of the business's stock in a transaction that occurred 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. Also, Senior Officer Kenneth Anderson sold 2,000 shares of the company's stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$253.88, for a total value of C$507,759.00. In the last quarter, insiders sold 10,865 shares of company stock worth $2,893,332. 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.