Insider Selling: Intact Financial Co. (TSE:IFC) Director Sells C$4,037,064.53 in Stock

Intact Financial Co. (TSE:IFC - Get Free Report) Director Timothy Michael Miller sold 13,028 shares of the company's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of C$309.88, for a total value of C$4,037,064.53.

Intact Financial Trading Down 0.1%

IFC stock traded down C$0.33 during trading on Monday, hitting C$309.17. The company had a trading volume of 213,947 shares, compared to its average volume of 287,361. The firm has a market capitalization of C$55.00 billion, a price-to-earnings ratio of 23.94, a P/E/G ratio of 2.01 and a beta of 0.57. The business has a 50 day moving average of C$300.11 and a 200 day moving average of C$281.85. Intact Financial Co. has a fifty-two week low of C$218.58 and a fifty-two week high of C$315.99.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on IFC. Scotiabank lifted their target price on Intact Financial from C$298.00 to C$305.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. UBS Group raised their price target on Intact Financial from C$275.00 to C$290.00 in a report on Tuesday, February 18th. Jefferies Financial Group boosted their price target on shares of Intact Financial from C$201.00 to C$289.00 in a research report on Monday, April 21st. National Bankshares boosted their price objective on shares of Intact Financial from C$336.00 to C$341.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Finally, CIBC increased their price target on Intact Financial from C$290.00 to C$300.00 in a research note on Friday, April 25th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of C$310.90.

About Intact Financial

Intact Financial Corp is a property and casualty insurance company that provides written premiums in Canada. The company distributes insurance under the Intact Insurance brand through a network of brokers and a wholly-owned subsidiary, BrokerLink, and directly to consumers through Belairdirect. Most of the company's direct premiums are written in the personal automotive space.

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