Intact Financial Co. (TSE:IFC) Receives C$236.40 Consensus Target Price from Brokerages

Shares of Intact Financial Co. (TSE:IFC - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eight analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$236.70.

Several research firms have commented on IFC. National Bankshares cut their target price on Intact Financial from C$250.00 to C$245.00 and set an "outperform" rating on the stock in a research note on Thursday, February 15th. Royal Bank of Canada boosted their price objective on shares of Intact Financial from C$228.00 to C$229.00 and gave the stock a "sector perform" rating in a research report on Wednesday, February 14th. BMO Capital Markets raised 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. Raymond James upped their target price on shares of Intact Financial from C$221.00 to C$247.00 in a report on Wednesday, February 14th. Finally, TD Securities boosted their target price on Intact Financial from C$225.00 to C$235.00 and gave the stock a "buy" rating in a report on Wednesday, February 14th.

Intact Financial Stock Up 0.7 %

Shares of TSE:IFC traded up C$1.45 during midday trading on Tuesday, reaching C$221.46. 376,045 shares of the company were exchanged, compared to its average volume of 308,472. The firm has a market cap of C$39.49 billion, a PE ratio of 31.68, a P/E/G ratio of 2.01 and a beta of 0.54. Intact Financial has a fifty-two week low of C$188.22 and a fifty-two week high of C$237.25. The stock has a fifty day simple moving average of C$222.37 and a two-hundred day simple moving average of C$210.33. 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 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. The firm had revenue of C$6.53 billion for the quarter. Intact Financial had a return on equity of 8.16% and a net margin of 4.59%. As a group, sell-side analysts forecast that Intact Financial will post 14.4651774 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. Stockholders of record on Friday, March 15th were given a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized basis and a dividend yield of 2.19%. 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 is presently 69.24%.

Insider Buying and Selling

In related news, Senior Officer Benoit Morissette sold 7,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were 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 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.