Intact Financial Co. (TSE:IFC)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $124.95. Intact Financial shares last traded at $123.54, with a volume of 92,667 shares changing hands.

IFC has been the topic of several recent analyst reports. Royal Bank of Canada downgraded Intact Financial from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from C$122.00 to C$135.00 in a research note on Monday, July 22nd. BMO Capital Markets boosted their price objective on Intact Financial from C$123.00 to C$134.00 in a research note on Thursday, August 1st. UBS Group boosted their price objective on Intact Financial from C$122.00 to C$133.00 in a research note on Tuesday, June 18th. Keefe, Bruyette & Woods boosted their price objective on Intact Financial from C$112.00 to C$115.00 in a research note on Monday, May 13th. Finally, National Bank Financial boosted their price objective on Intact Financial from C$110.00 to C$124.00 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Intact Financial presently has an average rating of “Hold” and an average target price of C$127.64.

The firm has a 50-day simple moving average of C$124.25. The company has a market capitalization of $17.48 billion and a P/E ratio of 23.80. The company has a debt-to-equity ratio of 32.92, a current ratio of 0.30 and a quick ratio of 0.23.

In other news, Senior Officer Joseph D’annunzio sold 1,000 shares of the business’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of C$118.61, for a total transaction of C$118,610.00. Following the sale, the insider now directly owns 4,730 shares of the company’s stock, valued at C$561,025.30.

Intact Financial Company Profile (TSE:IFC)

Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada and the United States. It offers personal auto insurance; and insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles.

Featured Story: Understanding the two types of arbitrage

Receive News & Ratings for Intact Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intact Financial and related companies with's FREE daily email newsletter.