Intact Financial Co. (TSE:IFC) Plans Quarterly Dividend of $1.21

Intact Financial Co. (TSE:IFC - Get Free Report) declared a quarterly dividend on Tuesday, May 7th, Zacks reports. Stockholders of record on Friday, June 14th will be given a dividend of 1.21 per share on Friday, June 28th. This represents a $4.84 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend is Friday, June 14th.

Intact Financial Trading Down 1.6 %

Shares of Intact Financial stock traded down C$3.81 on Thursday, hitting C$228.65. 274,288 shares of the company's stock traded hands, compared to its average volume of 300,704. The company has a market capitalization of C$40.77 billion, a price-to-earnings ratio of 32.86, a price-to-earnings-growth ratio of 2.01 and a beta of 0.54. The company has a fifty day moving average of C$223.38 and a two-hundred day moving average of C$213.29. The company has a debt-to-equity ratio of 34.90, a current ratio of 0.38 and a quick ratio of 0.28. Intact Financial has a one year low of C$188.22 and a one year high of C$237.25.

Intact Financial (TSE:IFC - Get Free Report) last posted its quarterly 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. 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 expect that Intact Financial will post 14.526183 earnings per share for the current year.

Analyst Upgrades and Downgrades

IFC has been the subject of a number of research reports. BMO Capital Markets raised their price target on shares of Intact Financial from C$240.00 to C$250.00 in a report on Thursday. CIBC upped their price target on Intact Financial from C$225.00 to C$250.00 and gave the stock an "outperform" rating in a research note on Thursday, February 15th. Desjardins increased their price target on Intact Financial from C$235.00 to C$238.00 and gave the stock a "buy" rating in a report on Tuesday, April 16th. Scotiabank upped their target price on Intact Financial from C$261.00 to C$264.00 in a research report on Thursday. Finally, National Bankshares lifted their price target on shares of Intact Financial from C$247.00 to C$260.00 in a research report on Thursday. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Intact Financial presently has a consensus rating of "Moderate Buy" and a consensus price target of C$247.30.

Insider Buying and Selling at Intact Financial

In related news, Senior Officer Benoit Morissette sold 7,000 shares of the business's stock in a transaction dated 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. Company insiders own 0.23% of the company's stock.

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.