Intact Financial (TSE:IFC) PT Lowered to C$264.00

Intact Financial (TSE:IFC - Free Report) had its price objective decreased by Raymond James from C$269.00 to C$264.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports.

Several other research analysts have also commented on IFC. BMO Capital Markets lifted their target price on Intact Financial from C$250.00 to C$275.00 in a research report on Thursday, August 1st. Jefferies Financial Group decreased their target price on Intact Financial from C$264.00 to C$262.00 and set a hold rating for the company in a research report on Thursday, August 22nd. Scotiabank decreased their target price on Intact Financial from C$272.00 to C$263.00 and set an outperform rating for the company in a research report on Thursday, August 22nd. National Bankshares boosted their price objective on Intact Financial from C$260.00 to C$265.00 and gave the company an outperform rating in a research report on Monday, July 29th. Finally, Cormark boosted their price objective on Intact Financial from C$250.00 to C$260.00 and gave the company a buy rating in a research 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, the company currently has a consensus rating of Moderate Buy and a consensus target price of C$263.90.

Intact Financial Stock Up 1.3 %

TSE IFC traded up C$3.43 during mid-day trading on Thursday, reaching C$258.52. 233,522 shares of the company's stock traded hands, compared to its average volume of 285,658. Intact Financial has a 1-year low of C$188.27 and a 1-year high of C$265.10. The company has a fifty day simple moving average of C$253.19 and a 200-day simple moving average of C$236.70. The company has a current ratio of 0.36, a quick ratio of 0.28 and a debt-to-equity ratio of 31.26. The company has a market cap of C$46.11 billion, a price-to-earnings ratio of 22.52, a P/E/G ratio of 2.01 and a beta of 0.57.

Intact Financial (TSE:IFC - Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The company reported C$4.86 earnings per share for the quarter, beating analysts' consensus estimates of C$3.61 by C$1.25. The firm had revenue of C$7.07 billion during the quarter, compared to analyst estimates 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 expect that Intact Financial will post 15.774665 EPS for the current year.

Intact Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a dividend of $1.21 per share. The ex-dividend date was Friday, September 13th. This represents a $4.84 dividend on an annualized basis and a yield of 1.87%. Intact Financial's dividend payout ratio (DPR) is presently 42.64%.

Insiders Place Their Bets

In other Intact Financial news, Senior Officer Darren Christopher Godfrey sold 2,000 shares of the business's stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$255.00, for a total transaction of C$510,000.00. 0.24% of the stock is currently owned by 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.