Intact Financial (TSE:IFC) PT Raised to C$258.00

Intact Financial (TSE:IFC) had its price target lifted by TD Securities from C$250.00 to C$258.00 in a research report report published on Wednesday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the stock. Royal Bank of Canada boosted their price objective on shares of Intact Financial from C$226.00 to C$243.00 and gave the company a sector perform rating in a report on Wednesday. Raymond James increased their price objective on Intact Financial from C$247.00 to C$261.00 and gave the company an outperform rating in a report on Wednesday. Desjardins raised their price objective on Intact Financial from C$235.00 to C$238.00 and gave the stock a buy rating in a research note on Tuesday, April 16th. Scotiabank upped their target price on Intact Financial from C$256.00 to C$261.00 in a research report on Friday, April 26th. Finally, CIBC raised their price target on shares of 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. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Intact Financial currently has an average rating of Moderate Buy and an average target price of C$245.00.

Intact Financial Price Performance

Shares of TSE IFC opened at C$232.46 on Wednesday. Intact Financial has a fifty-two week low of C$188.22 and a fifty-two week high of C$237.25. The company has a market cap of C$41.45 billion, a PE ratio of 33.21, a P/E/G ratio of 2.01 and a beta of 0.54. The company has a debt-to-equity ratio of 34.90, a quick ratio of 0.28 and a current ratio of 0.38. The business has a 50-day simple moving average of C$223.38 and a two-hundred day simple moving average of C$213.29.

Intact Financial (TSE:IFC) last released its earnings results on Tuesday, February 13th. The company reported C$3.47 EPS 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. As a group, equities analysts expect that Intact Financial will post 14.526183 EPS for the current fiscal year.

Intact Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $1.21 per share. This is a boost from Intact Financial’s previous quarterly dividend of $1.10. This represents a $4.84 annualized dividend and a yield of 2.08%. The ex-dividend date was Thursday, March 14th. Intact Financial’s dividend payout ratio (DPR) is currently 69.14%.

Insiders Place Their Bets

In other 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. 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.