Intact Financial Co. (TSE:IFC) announced a quarterly dividend on Thursday, August 3rd, Zacks reports. Stockholders of record on Friday, September 15th will be paid a dividend of 0.64 per share on Friday, September 29th. This represents a $2.56 annualized dividend and a dividend yield of 2.59%. The ex-dividend date is Thursday, September 14th. This is an increase from Intact Financial’s previous quarterly dividend of $0.53.

Shares of Intact Financial (TSE:IFC) traded down 0.03% during midday trading on Friday, hitting $98.66. The stock had a trading volume of 77,692 shares. The stock’s 50 day moving average price is $96.06 and its 200 day moving average price is $94.71. The firm has a market cap of $12.92 billion and a price-to-earnings ratio of 19.41. Intact Financial has a 12 month low of $90.00 and a 12 month high of $98.80.

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In other Intact Financial news, insider Lucie Martel bought 3,215 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The shares were bought at an average price of C$93.42 per share, with a total value of C$300,345.30.

Several research analysts have recently commented on the company. Raymond James Financial, Inc. raised their price objective on Intact Financial from C$102.00 to C$104.00 and gave the stock a “market perform” rating in a research note on Thursday. BMO Capital Markets set a C$110.00 price objective on Intact Financial and gave the stock an “outperform” rating in a research note on Thursday. Desjardins raised their price objective on Intact Financial from C$96.00 to C$98.00 in a research note on Wednesday. TD Securities reaffirmed a “hold” rating and issued a C$97.00 price objective on shares of Intact Financial in a research note on Tuesday, July 4th. Finally, Scotiabank reaffirmed an “outperform” rating and issued a C$105.00 price objective on shares of Intact Financial in a research note on Tuesday, July 4th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of C$102.20.

Intact Financial Company Profile

Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada. It primarily underwrites automobile, home, and commercial property and casualty insurance contracts. The company distributes its services through a network of independent insurance brokers, as well as sells directly to consumers through call centers and the Internet.

Dividend History for Intact Financial (TSE:IFC)

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