Intact Financial (TSE:IFC) Sets New 12-Month High at $23.20

Intact Financial Co. (TSE:IFC) reached a new 52-week high during trading on Thursday . The stock traded as high as C$23.20 and last traded at C$228.19, with a volume of 86084 shares traded. The stock had previously closed at C$228.87.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. BMO Capital Markets increased their price objective on shares of Intact Financial from C$230.00 to C$240.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. TD Securities boosted their price objective on 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 increased their target price on 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. Royal Bank of Canada boosted their price target on Intact Financial from C$229.00 to C$236.00 and gave the stock a “sector perform” rating in a report on Monday, April 29th. Finally, National Bankshares increased their price objective on shares of Intact Financial from C$245.00 to C$247.00 and gave the company an “outperform” rating in a report on Tuesday. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$240.11.

Intact Financial Stock Up 0.8 %

The business has a 50-day moving average price of C$223.54 and a 200 day moving average price of C$212.42. 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 stock has a market capitalization of C$41.06 billion, a P/E ratio of 32.94, a P/E/G ratio of 2.01 and a beta of 0.54.

Intact Financial (TSE:IFC) last released its quarterly earnings data on Tuesday, February 13th. The company reported C$3.47 EPS for the quarter, beating the consensus estimate of C$3.44 by C$0.03. Intact Financial had a net margin of 4.59% and a return on equity of 8.16%. The business had revenue of C$6.53 billion during the quarter. On average, equities analysts expect that Intact Financial Co. will post 14.4651774 EPS for the current fiscal 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. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $4.84 annualized dividend and a dividend yield of 2.10%. This is an increase from Intact Financial’s previous quarterly dividend of $1.10. Intact Financial’s payout ratio is currently 69.24%.

Insider Buying and Selling

In other news, Senior Officer Benoit Morissette sold 7,000 shares of the 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. 0.23% of the stock is owned by corporate 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.