TD Securities Boosts Intact Financial (TSE:IFC) Price Target to C$258.00

Intact Financial (TSE:IFC - Free Report) had its price target raised by TD Securities from C$250.00 to C$258.00 in a research report report published on Wednesday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other analysts also recently issued reports on the company. Royal Bank of Canada raised their target price on Intact Financial from C$226.00 to C$243.00 and gave the stock a sector perform rating in a research report on Wednesday. BMO Capital Markets lifted their price target on Intact Financial from C$230.00 to C$240.00 and gave the company an outperform rating in a research report on Thursday, February 15th. Desjardins lifted their price target on 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. Scotiabank lifted their price target on Intact Financial from C$256.00 to C$261.00 in a research report on Friday, April 26th. Finally, Raymond James lifted their price target on Intact Financial from C$247.00 to C$261.00 and gave the company an outperform rating in a research report on Wednesday. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of C$245.00.

Intact Financial Stock Performance

Intact Financial stock traded up C$2.91 during mid-day trading on Wednesday, reaching C$232.46. 384,344 shares of the company's stock were exchanged, compared to its average volume of 300,997. The business's fifty day simple moving average is C$223.38 and its 200 day simple moving average is C$213.29. The firm has a market capitalization of C$41.45 billion, a PE ratio of 33.21, a P/E/G ratio of 2.01 and a beta of 0.54. Intact Financial has a one year low of C$188.22 and a one year high of C$237.25. The company has a quick ratio of 0.28, a current ratio of 0.38 and a debt-to-equity ratio of 34.90.

Intact Financial (TSE:IFC - Get Free Report) last released its earnings results on Tuesday, February 13th. The company reported C$3.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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. On average, sell-side analysts expect that Intact Financial will post 14.526183 earnings per share for the current year.

Intact Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $1.21 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Intact Financial's previous quarterly dividend of $1.10. This represents a $4.84 annualized dividend and a yield of 2.08%. Intact Financial's dividend payout ratio is currently 69.14%.

Insider Activity at Intact Financial

In related news, Senior Officer Benoit Morissette sold 7,000 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of C$226.23, for a total transaction of C$1,583,589.00. 0.23% of the stock is currently owned by company 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.