Intact Financial (TSE:IFC) Stock Crosses Above 200-Day Moving Average - Should You Sell?

Intact Financial Co. (TSE:IFC - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$285.25 and traded as high as C$316.97. Intact Financial shares last traded at C$316.65, with a volume of 240,416 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on IFC shares. Raymond James Financial boosted their target price on shares of Intact Financial from C$302.00 to C$330.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. National Bankshares increased their price objective on Intact Financial from C$336.00 to C$341.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Jefferies Financial Group boosted their target price on Intact Financial from C$201.00 to C$289.00 in a research note on Monday, April 21st. CIBC upped their price target on Intact Financial from C$290.00 to C$300.00 in a report on Friday, April 25th. Finally, Scotiabank increased their price target on shares of Intact Financial from C$298.00 to C$305.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Intact Financial has a consensus rating of "Moderate Buy" and an average price target of C$312.55.

Intact Financial Stock Performance

The stock has a market cap of C$54.91 billion, a PE ratio of 23.90, a P/E/G ratio of 2.01 and a beta of 0.57. The firm's 50-day moving average is C$305.65 and its 200 day moving average is C$285.25.

Insider Activity at Intact Financial

In other Intact Financial 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 transaction of C$4,037,064.53. Insiders own 0.24% of the company's stock.

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.