National Bankshares Boosts Intact Financial (TSE:IFC) Price Target to C$247.00

Intact Financial (TSE:IFC - Free Report) had its target price lifted by National Bankshares from C$245.00 to C$247.00 in a research note released on Tuesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research firms also recently weighed in on IFC. BMO Capital Markets increased their price objective on Intact Financial from C$230.00 to C$240.00 and gave the company an outperform rating in a report on Thursday, February 15th. Desjardins raised their price target on shares of Intact Financial from C$235.00 to C$238.00 and gave the company a buy rating in a research report on Tuesday, April 16th. TD Securities raised their price target on shares of Intact Financial from C$225.00 to C$235.00 and gave the company a buy rating in a research report on Wednesday, February 14th. CIBC lifted their target price on shares of Intact Financial from C$225.00 to C$250.00 and gave the stock an outperform rating in a research report on Thursday, February 15th. Finally, Royal Bank of Canada raised their price target on shares of Intact Financial from C$229.00 to C$236.00 and gave the stock a sector perform rating in a research note on Monday. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of C$240.11.

Intact Financial Stock Performance

Shares of Intact Financial stock traded down C$0.18 on Tuesday, hitting C$226.27. The stock had a trading volume of 284,584 shares, compared to its average volume of 299,652. Intact Financial has a twelve month low of C$188.22 and a twelve month high of C$237.25. The business's 50 day moving average is C$223.56 and its two-hundred day moving average is C$212.00. The company has a quick ratio of 0.28, a current ratio of 0.38 and a debt-to-equity ratio of 34.90. The stock has a market cap of C$40.35 billion, a price-to-earnings ratio of 32.52, a price-to-earnings-growth ratio of 2.01 and a beta of 0.54.

Intact Financial (TSE:IFC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 13th. The company reported C$3.47 earnings per share (EPS) for the quarter, beating the consensus estimate of C$3.44 by C$0.03. Intact Financial had a return on equity of 8.16% and a net margin of 4.59%. The business had revenue of C$6.53 billion during the quarter. Analysts forecast that Intact Financial will post 14.4651774 EPS for the current year.

Intact Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $1.21 dividend. This represents a $4.84 annualized dividend and a yield of 2.14%. This is an increase from Intact Financial's previous quarterly dividend of $1.10. The ex-dividend date was Thursday, March 14th. Intact Financial's dividend payout ratio (DPR) is presently 69.24%.

Insider Buying and Selling at Intact Financial

In other Intact Financial news, Senior Officer Benoit Morissette sold 7,000 shares of the firm's stock in a transaction on Thursday, February 15th. The shares were sold at an average price of C$226.23, for a total value of C$1,583,589.00. Insiders own 0.23% 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.