Intact Financial (TSE:IFC) Price Target Raised to C$290.00

Intact Financial (TSE:IFC) had its price target boosted by BMO Capital Markets from C$275.00 to C$290.00 in a research report report published on Thursday,BayStreet.CA reports.

A number of other brokerages also recently commented on IFC. Jefferies Financial Group lowered their price objective on Intact Financial from C$264.00 to C$262.00 and set a “hold” rating for the company in a research report on Thursday, August 22nd. TD Securities boosted their price objective on Intact Financial from C$293.00 to C$300.00 in a research report on Wednesday. Raymond James boosted their price objective on Intact Financial from C$264.00 to C$290.00 in a research report on Wednesday. Scotiabank boosted their price objective on Intact Financial from C$281.00 to C$283.00 in a research report on Thursday. Finally, Desjardins boosted their price objective on Intact Financial from C$250.00 to C$255.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$274.90.

Intact Financial Stock Performance

TSE IFC opened at C$266.23 on Thursday. Intact Financial has a 1-year low of C$197.82 and a 1-year high of C$273.05. The company has a market cap of C$47.48 billion, a P/E ratio of 23.44, a P/E/G ratio of 2.01 and a beta of 0.57. The company has a debt-to-equity ratio of 31.26, a current ratio of 0.36 and a quick ratio of 0.28. The stock has a 50-day moving average of C$260.44 and a two-hundred day moving average of C$243.63.

Intact Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Monday, December 16th. Intact Financial’s dividend payout ratio is currently 42.61%.

Insider Buying and Selling at Intact Financial

In other Intact Financial news, Senior Officer Kenneth Anderson sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of C$253.88, for a total value of C$507,759.00. 0.24% of the stock is owned by company insiders.

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.