Insider Selling: Intact Financial Co. (TSE:IFC) Senior Officer Sells C$510,000.00 in Stock

Intact Financial Co. (TSE:IFC) Senior Officer Darren Christopher Godfrey sold 2,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of C$255.00, for a total value of C$510,000.00.

Intact Financial Stock Up 1.4 %

TSE:IFC opened at C$255.27 on Monday. The company has a debt-to-equity ratio of 31.26, a quick ratio of 0.28 and a current ratio of 0.36. The company has a market cap of C$45.53 billion, a PE ratio of 22.47, a PEG ratio of 2.01 and a beta of 0.57. Intact Financial Co. has a 52-week low of C$188.27 and a 52-week high of C$263.74. The stock has a 50-day simple moving average of C$248.80 and a 200 day simple moving average of C$233.67.

Intact Financial (TSE:IFC) last issued its quarterly earnings results on Tuesday, July 30th. The company reported C$4.86 EPS for the quarter, beating the consensus estimate of C$3.61 by C$1.25. Intact Financial had a return on equity of 12.93% and a net margin of 7.14%. The firm had revenue of C$7.07 billion during the quarter, compared to analysts’ expectations of C$7.64 billion. On average, sell-side analysts expect that Intact Financial Co. will post 16.0043887 EPS for the current fiscal year.

Intact Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be given a dividend of $1.21 per share. The ex-dividend date is Friday, September 13th. This represents a $4.84 annualized dividend and a yield of 1.90%. Intact Financial’s dividend payout ratio (DPR) is presently 42.61%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. TD Securities upped their price objective on Intact Financial from C$270.00 to C$282.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Raymond James upped their price objective on Intact Financial from C$261.00 to C$269.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Scotiabank lowered their price target on Intact Financial from C$272.00 to C$263.00 and set an “outperform” rating for the company in a report on Thursday, August 22nd. BMO Capital Markets increased their price target on Intact Financial from C$250.00 to C$275.00 in a report on Thursday, August 1st. Finally, Jefferies Financial Group lowered their price target on Intact Financial from C$264.00 to C$262.00 and set a “hold” rating for the company in a report on Thursday, August 22nd. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$264.40.

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.