Insider Selling: Intact Financial Co. (TSE:IFC) Senior Officer Sells 1,500 Shares of Stock

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Intact Financial Co. (TSE:IFC) Senior Officer Martin Beaulieu sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of C$151.36, for a total transaction of C$227,041.95. Following the transaction, the insider now directly owns 12,082 shares of the company’s stock, valued at C$1,828,747.23.

Shares of IFC stock opened at C$152.74 on Friday. Intact Financial Co. has a 12 month low of C$107.00 and a 12 month high of C$155.12. The stock has a market cap of $21.84 billion and a P/E ratio of 29.82. The company has a current ratio of 0.30, a quick ratio of 0.23 and a debt-to-equity ratio of 30.01. The company has a 50 day simple moving average of C$144.48 and a two-hundred day simple moving average of C$135.50.

Several research analysts have recently weighed in on IFC shares. CIBC boosted their price objective on shares of Intact Financial from C$145.00 to C$158.00 in a report on Thursday, February 6th. Royal Bank of Canada reissued a “sector perform” rating and set a C$141.00 price objective on shares of Intact Financial in a report on Wednesday, November 20th. BMO Capital Markets boosted their price objective on shares of Intact Financial from C$138.00 to C$151.00 in a report on Thursday, November 7th. TD Securities boosted their price objective on shares of Intact Financial from C$150.00 to C$160.00 in a report on Thursday, November 21st. Finally, Desjardins boosted their price objective on shares of Intact Financial from C$132.00 to C$138.00 in a report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Intact Financial currently has an average rating of “Buy” and an average price target of C$146.92.

About Intact Financial

Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada and the United States. It offers personal auto insurance; and insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles.

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