Intact Financial (TSE:IFC) Price Target Raised to C$293.00

Intact Financial (TSE:IFC - Free Report) had its price target lifted by TD Securities from C$282.00 to C$293.00 in a report published on Tuesday, BayStreet.CA reports.

Other analysts also recently issued reports about the company. Cormark lifted their price target on Intact Financial from C$250.00 to C$260.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. Scotiabank dropped their price target on Intact Financial from C$272.00 to C$263.00 and set an "outperform" rating on the stock in a research report on Thursday, August 22nd. Jefferies Financial Group reduced their target price on shares of Intact Financial from C$264.00 to C$262.00 and set a "hold" rating for the company in a research note on Thursday, August 22nd. CIBC upped their price objective on Intact Financial from C$250.00 to C$270.00 and gave the stock an "outperform" rating in a report on Thursday, August 1st. Finally, BMO Capital Markets raised their target price on Intact Financial from C$250.00 to C$275.00 in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Intact Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of C$265.00.

Intact Financial Stock Down 0.2 %

Shares of Intact Financial stock traded down C$0.52 during trading hours on Tuesday, reaching C$267.02. 160,675 shares of the company were exchanged, compared to its average volume of 287,449. The firm has a market cap of C$47.63 billion, a PE ratio of 23.52, a PEG ratio of 2.01 and a beta of 0.57. The company has a debt-to-equity ratio of 31.26, a quick ratio of 0.28 and a current ratio of 0.36. Intact Financial has a 1 year low of C$188.27 and a 1 year high of C$271.81. The stock's fifty day moving average is C$256.20 and its 200 day moving average is C$239.30.

Intact Financial (TSE:IFC - Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The company reported C$4.86 EPS for the quarter, topping analysts' consensus estimates of C$3.61 by C$1.25. The business had revenue of C$7.07 billion during the quarter, compared to the consensus estimate of C$7.64 billion. Intact Financial had a return on equity of 12.93% and a net margin of 7.14%. As a group, equities research analysts forecast that Intact Financial will post 16.1721014 earnings per share for the current year.

Intact Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date was Friday, September 13th. Intact Financial's payout ratio is currently 42.61%.

Insider Transactions at Intact Financial

In related news, Senior Officer Kenneth Anderson sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of C$253.88, for a total transaction of C$507,759.00. 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.