Intact Financial (TSE:IFC) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of Intact Financial Co. (TSE:IFC) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$265.61 and traded as high as C$282.78. Intact Financial shares last traded at C$282.33, with a volume of 180,622 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Cibc World Mkts downgraded Intact Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 29th. UBS Group increased their price target on shares of Intact Financial from C$275.00 to C$290.00 in a research report on Tuesday, February 18th. Desjardins boosted their price objective on shares of Intact Financial from C$295.00 to C$315.00 and gave the company a “buy” rating in a report on Thursday, February 13th. BMO Capital Markets increased their target price on shares of Intact Financial from C$290.00 to C$315.00 in a report on Thursday, February 13th. Finally, CIBC boosted their price target on shares of Intact Financial from C$280.00 to C$290.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Intact Financial has an average rating of “Moderate Buy” and a consensus target price of C$292.64.

Intact Financial Stock Performance

The stock has a market capitalization of C$50.22 billion, a price-to-earnings ratio of 21.86, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57. The business has a fifty day simple moving average of C$271.39 and a 200 day simple moving average of C$265.61.

Insider Buying and Selling

In related news, Senior Officer Benoit Morissette sold 6,000 shares of Intact Financial stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of C$287.12, for a total transaction of C$1,722,738.00. 0.24% of the stock is currently owned by company insiders.

About Intact Financial

Intact Financial Corp is a property and casualty insurance company that provides written premiums in Canada. The company distributes insurance under the Intact Insurance brand through a network of brokers and a wholly-owned subsidiary, BrokerLink, and directly to consumers through Belairdirect. Most of the company’s direct premiums are written in the personal automotive space.