Intact Financial (TSE:IFC – Free Report) had its price objective lifted by Royal Bank of Canada from C$229.00 to C$236.00 in a research report released on Monday, BayStreet.CA reports. They currently have a sector perform rating on the stock.
A number of other equities analysts also recently weighed in on the company. Desjardins upped their price target on Intact Financial from C$235.00 to C$238.00 and gave the stock a buy rating in a research report on Tuesday, April 16th. CIBC upped their price objective on Intact Financial from C$225.00 to C$250.00 and gave the stock an outperform rating in a research note on Thursday, February 15th. Scotiabank upped their price objective on Intact Financial from C$256.00 to C$261.00 in a research note on Friday, April 26th. Raymond James upped their price objective on Intact Financial from C$221.00 to C$247.00 in a research note on Wednesday, February 14th. Finally, National Bankshares dropped their price objective on Intact Financial from C$250.00 to C$245.00 and set an outperform rating on the stock in a research note on Thursday, February 15th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of C$240.11.
View Our Latest Analysis on Intact Financial
Intact Financial Price Performance
Intact Financial (TSE:IFC – Get Free Report) last released its quarterly earnings results 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 return on equity of 8.16% and a net margin of 4.59%. The firm had revenue of C$6.53 billion during the quarter. Sell-side analysts predict that Intact Financial will post 14.4651774 EPS for the current fiscal year.
Intact Financial Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Intact Financial’s previous quarterly dividend of $1.10. Intact Financial’s dividend payout ratio is 69.24%.
Insider Activity at Intact Financial
In other Intact Financial news, Senior Officer Benoit Morissette sold 7,000 shares of the 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. 0.23% 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.
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