TD Securities set a C$220.00 target price on Intact Financial (TSE:IFC – Free Report) in a research note released on Wednesday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.
A number of other brokerages also recently commented on IFC. Royal Bank of Canada reduced their target price on shares of Intact Financial from C$230.00 to C$227.00 and set an outperform rating on the stock in a research note on Friday, September 1st. UBS Group reduced their target price on Intact Financial from C$210.00 to C$207.00 in a research report on Thursday, August 10th. Raymond James reduced their target price on Intact Financial from C$224.00 to C$221.00 and set an outperform rating on the stock in a research report on Tuesday, July 11th. Finally, Scotiabank reduced their target price on Intact Financial from C$225.00 to C$210.00 and set an outperform rating on the stock in a research report on Monday, July 24th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of C$220.36.
Intact Financial Stock Performance
Intact Financial (TSE:IFC – Get Free Report) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported C$2.30 EPS for the quarter, missing analysts’ consensus estimates of C$2.54 by C($0.24). Intact Financial had a return on equity of 8.51% and a net margin of 6.67%. The company had revenue of C$5.49 billion for the quarter. On average, research analysts predict that Intact Financial will post 13.9530686 EPS for the current year.
Intact Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $1.10 dividend. The ex-dividend date is Thursday, September 14th. This represents a $4.40 annualized dividend and a dividend yield of 2.20%. Intact Financial’s dividend payout ratio is presently 61.62%.
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. It offers personal auto insurance; insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles; personal property insurance, such as protection for homes and contents from risks, including fire, theft, vandalism, water damage, and other damages, as well as personal liability coverage; and property coverage for tenants, condominium owners, non-owner-occupied residences, and seasonal residences, as well as travel insurance.
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