Intact Financial Co. to Issue Quarterly Dividend of $1.21 (TSE:IFC)

Intact Financial Co. (TSE:IFC) declared a quarterly dividend on Tuesday, July 30th, Zacks reports. Shareholders of record on Friday, September 13th will be given a dividend of 1.21 per share on Friday, September 27th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend is Friday, September 13th.

Intact Financial Stock Up 0.7 %

Intact Financial stock opened at C$254.79 on Thursday. Intact Financial has a 1-year low of C$188.27 and a 1-year high of C$263.74. The firm has a market capitalization of C$45.44 billion, a price-to-earnings ratio of 22.47, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57. The firm’s fifty day moving average price is C$246.41 and its two-hundred day moving average price is C$232.57. The company has a current ratio of 0.36, a quick ratio of 0.28 and a debt-to-equity ratio of 31.26.

Intact Financial (TSE:IFC) last released its quarterly earnings data on Tuesday, July 30th. The company reported C$4.86 earnings per share for the quarter, beating analysts’ consensus estimates of C$3.61 by C$1.25. Intact Financial had a net margin of 7.14% and a return on equity of 12.93%. The firm had revenue of C$7.07 billion for the quarter, compared to analyst estimates of C$7.64 billion. On average, equities research analysts predict that Intact Financial will post 15.9993679 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on IFC. Jefferies Financial Group dropped their price objective on shares of Intact Financial from C$264.00 to C$262.00 and set a “hold” rating on the stock in a research note on Thursday, August 22nd. Desjardins increased their target price on shares of Intact Financial from C$250.00 to C$255.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. National Bankshares increased their target price on shares of Intact Financial from C$260.00 to C$265.00 and gave the company an “outperform” rating in a report on Monday, July 29th. BMO Capital Markets increased their target price on shares of Intact Financial from C$250.00 to C$275.00 in a report on Thursday, August 1st. Finally, Raymond James increased their target price on shares of Intact Financial from C$261.00 to C$269.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Intact Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of C$264.40.

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.