Intact Financial (TSE:IFC) Price Target Increased to C$275.00 by Analysts at BMO Capital Markets

Intact Financial (TSE:IFC) had its target price raised by BMO Capital Markets from C$250.00 to C$275.00 in a research note published on Thursday morning, BayStreet.CA reports.

A number of other research analysts have also recently issued reports on the stock. Cormark raised their price target on shares of Intact Financial from C$250.00 to C$260.00 and gave the stock a buy rating in a report on Thursday. Raymond James raised their target price on Intact Financial from C$261.00 to C$269.00 and gave the stock an outperform rating in a research note on Wednesday, July 31st. TD Securities boosted their price target on Intact Financial from C$270.00 to C$282.00 and gave the company a buy rating in a research note on Wednesday, July 31st. Scotiabank raised their price objective on Intact Financial from C$264.00 to C$272.00 in a research note on Wednesday, July 24th. Finally, Royal Bank of Canada upped their target price on Intact Financial from C$226.00 to C$243.00 and gave the company a sector perform rating in a research report on Wednesday, May 8th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Intact Financial currently has a consensus rating of Moderate Buy and a consensus price target of C$260.18.

Intact Financial Trading Up 0.7 %

Shares of TSE:IFC opened at C$246.76 on Thursday. The business’s 50-day moving average is C$232.27 and its 200 day moving average is C$225.41. The company has a debt-to-equity ratio of 32.83, a current ratio of 0.35 and a quick ratio of 0.28. Intact Financial has a 1 year low of C$188.22 and a 1 year high of C$263.74. The firm has a market capitalization of C$44.00 billion, a P/E ratio of 28.66, a P/E/G ratio of 2.01 and a beta of 0.53.

Intact Financial (TSE:IFC) last posted its quarterly earnings data on Tuesday, May 7th. The company reported C$3.63 earnings per share (EPS) for the quarter, beating the consensus estimate of C$3.43 by C$0.20. The firm had revenue of C$7.06 billion for the quarter, compared to the consensus estimate of C$8.33 billion. Intact Financial had a net margin of 5.55% and a return on equity of 10.00%. On average, research analysts predict that Intact Financial will post 14.6728435 earnings per share for the current fiscal year.

Intact Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Friday, September 13th. Intact Financial’s dividend payout ratio (DPR) is 56.21%.

Insider Buying and Selling

In other Intact Financial news, Senior Officer Frédéric Cotnoir sold 2,200 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of C$228.12, for a total value of C$501,861.80. In other news, Senior Officer Frédéric Cotnoir sold 2,200 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of C$228.12, for a total transaction of C$501,861.80. Also, Senior Officer Louis Gagnon sold 10,000 shares of Intact Financial stock in a transaction on Thursday, June 13th. The shares were sold at an average price of C$223.08, for a total transaction of C$2,230,768.00. Over the last three months, insiders have sold 32,500 shares of company stock valued at $7,377,706. Corporate insiders own 0.23% of the company’s stock.

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.