Intact Financial Co. (TSE:IFC) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Intact Financial Co. (TSE:IFC) have earned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$236.40.

A number of research firms have recently weighed in on IFC. National Bankshares reduced their target price on shares of Intact Financial from C$250.00 to C$245.00 and set an “outperform” rating on the stock in a research report on Thursday, February 15th. Scotiabank upped their target price on shares of Intact Financial from C$252.00 to C$256.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. TD Securities increased their price objective 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. Royal Bank of Canada increased their price objective on shares of Intact Financial from C$228.00 to C$229.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 14th. Finally, BMO Capital Markets increased their price objective on shares of 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.

Insiders Place Their Bets

In other Intact Financial news, Senior Officer Benoit Morissette sold 7,000 shares of the firm’s 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.

Intact Financial Stock Down 0.2 %

Shares of Intact Financial stock opened at C$220.04 on Friday. The company has a current ratio of 0.38, a quick ratio of 0.28 and a debt-to-equity ratio of 34.90. The company’s fifty day simple moving average is C$219.47 and its two-hundred day simple moving average is C$208.24. The company has a market cap of C$39.24 billion, a P/E ratio of 31.43, a PEG ratio of 2.01 and a beta of 0.54. Intact Financial has a 12-month low of C$188.22 and a 12-month high of C$237.25.

Intact Financial (TSE:IFC) last released its earnings results on Tuesday, February 13th. The company reported C$3.47 earnings per share 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 net margin of 4.59% and a return on equity of 8.16%. Research analysts anticipate that Intact Financial will post 14.4525213 EPS for the current year.

Intact Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be paid a $1.21 dividend. This represents a $4.84 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend is Thursday, March 14th. This is a boost from Intact Financial’s previous quarterly dividend of $1.10. Intact Financial’s dividend payout ratio is 69.14%.

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.