Intact Financial (TSE:IFC) Hits New 1-Year High at $21.47

Intact Financial Co. (TSE:IFC - Get Free Report) shares reached a new 52-week high during trading on Wednesday . The company traded as high as C$21.47 and last traded at C$224.79, with a volume of 39145 shares traded. The stock had previously closed at C$226.92.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on IFC shares. National Bankshares boosted their price objective on Intact Financial from C$247.00 to C$260.00 in a research note on Thursday, May 9th. Jefferies Financial Group boosted their target price on Intact Financial from C$231.00 to C$242.00 in a research report on Thursday, May 9th. Desjardins boosted their target price on Intact Financial from C$235.00 to C$238.00 and gave the stock a "buy" rating in a research report on Tuesday, April 16th. Scotiabank boosted their target price on Intact Financial from C$261.00 to C$264.00 in a research report on Thursday, May 9th. Finally, Raymond James boosted their target price on Intact Financial from C$247.00 to C$261.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 8th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$247.30.

Intact Financial Stock Down 0.1 %

The company has a debt-to-equity ratio of 32.83, a current ratio of 0.35 and a quick ratio of 0.28. The firm has a market cap of C$40.42 billion, a PE ratio of 26.33, a P/E/G ratio of 2.01 and a beta of 0.53. The business has a fifty day moving average price of C$226.04 and a two-hundred day moving average price of C$218.62.

Intact Financial (TSE:IFC - Get Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The company reported C$3.63 earnings per share for the quarter, beating analysts' consensus estimates of C$3.43 by C$0.20. Intact Financial had a return on equity of 10.00% and a net margin of 5.55%. The business had revenue of C$7.06 billion for the quarter, compared to the consensus estimate of C$8.33 billion. On average, analysts anticipate that Intact Financial Co. will post 14.6728435 EPS for the current fiscal year.

Intact Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $1.21 dividend. The ex-dividend date is Friday, June 14th. This represents a $4.84 dividend on an annualized basis and a yield of 2.14%. Intact Financial's dividend payout ratio (DPR) is currently 56.21%.

Insider Buying and Selling at Intact Financial

In other Intact Financial news, Senior Officer Louis Gagnon sold 10,000 shares of the business's stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of C$223.08, for a total value of C$2,230,768.00. In other Intact Financial news, Senior Officer Louis Gagnon sold 10,000 shares of the business's stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of C$223.08, for a total value of C$2,230,768.00. Also, Senior Officer Louis Marcotte sold 300 shares of the business's stock in a transaction dated Friday, May 10th. The shares were sold at an average price of C$228.61, for a total value of C$68,583.00. Insiders have sold 32,500 shares of company stock worth $7,377,706 over the last 90 days. 0.23% of the stock is currently owned by corporate insiders.

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.