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

Intact Financial Co. (TSE:IFC) announced a quarterly dividend on Tuesday, May 7th, Zacks reports. Stockholders of record on Friday, June 14th will be paid a dividend of 1.21 per share on Friday, June 28th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Friday, June 14th.

Intact Financial Trading Down 0.7 %

Shares of TSE IFC traded down C$1.56 during trading hours on Thursday, reaching C$230.90. The stock had a trading volume of 74,171 shares, compared to its average volume of 298,458. Intact Financial has a 52-week low of C$188.22 and a 52-week high of C$237.25. The firm has a market cap of C$41.17 billion, a price-to-earnings ratio of 33.21, a P/E/G ratio of 2.01 and a beta of 0.54. The business’s fifty day moving average price is C$223.38 and its two-hundred day moving average price is C$213.29. The company has a current ratio of 0.38, a quick ratio of 0.28 and a debt-to-equity ratio of 34.90.

Intact Financial (TSE:IFC) last released its quarterly earnings data 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. Intact Financial had a net margin of 4.59% and a return on equity of 8.16%. The company had revenue of C$6.53 billion during the quarter. Analysts expect that Intact Financial will post 14.526183 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. National Bankshares lifted their price objective on shares of Intact Financial from C$245.00 to C$247.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 30th. CIBC raised their price target on shares of Intact Financial from C$225.00 to C$250.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Raymond James upped their price objective on shares of Intact Financial from C$247.00 to C$261.00 and gave the stock an “outperform” rating in a research report on Wednesday. Scotiabank lifted their price target on Intact Financial from C$256.00 to C$261.00 in a research note on Friday, April 26th. Finally, Royal Bank of Canada upped their target price on shares of Intact Financial from C$226.00 to C$243.00 and gave the company a “sector perform” rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$245.00.

Insider Activity

In related news, Senior Officer Benoit Morissette sold 7,000 shares of the business’s stock in a transaction on 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. 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.