Intact Financial (TSE:IFC) Sets New 52-Week High - Still a Buy?

Shares of Intact Financial Co. (TSE:IFC - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as C$25.25 and last traded at C$303.50, with a volume of 76406 shares traded. The stock had previously closed at C$307.79.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. TD Securities upped their price objective on Intact Financial from C$328.00 to C$349.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Desjardins increased their price target on Intact Financial from C$320.00 to C$330.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Scotiabank increased their price target 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. Royal Bank Of Canada raised Intact Financial to a "hold" rating and set a C$329.00 price target for the company in a research report on Wednesday, June 18th. Finally, National Bankshares increased their price target on 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. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$314.36.

Intact Financial Trading Up 1.4%

The business has a fifty day simple moving average of C$306.82 and a 200 day simple moving average of C$288.91. The stock has a market capitalization of C$54.02 billion, a P/E ratio of 23.51, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57.

Insider Activity

In other news, Director Timothy Michael Miller sold 13,028 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of C$309.88, for a total value of C$4,037,064.53. 0.24% of the stock is currently owned by corporate insiders.

Intact Financial Company Profile

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.