Intact Financial (TSE:IFC) PT Raised to C$243.00 at Royal Bank of Canada

Intact Financial (TSE:IFC) had its price objective increased by Royal Bank of Canada from C$226.00 to C$243.00 in a report issued on Wednesday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

IFC has been the subject of several other reports. BMO Capital Markets boosted their price target on Intact Financial from C$230.00 to C$240.00 and gave the company an outperform rating in a report on Thursday, February 15th. Scotiabank boosted their target price on Intact Financial from C$256.00 to C$261.00 in a report on Friday, April 26th. TD Securities increased their price objective on shares of Intact Financial from C$225.00 to C$235.00 and gave the stock a buy rating in a research report on Wednesday, February 14th. Desjardins lifted their target price on shares of Intact Financial from C$235.00 to C$238.00 and gave the company a buy rating in a report on Tuesday, April 16th. Finally, National Bankshares upped their target price on Intact Financial from C$245.00 to C$247.00 and gave the stock an outperform rating in a research report on Tuesday, April 30th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Intact Financial currently has a consensus rating of Moderate Buy and an average price target of C$247.30.

Intact Financial Trading Up 0.0 %

Shares of IFC stock opened at C$228.70 on Wednesday. Intact Financial has a 1-year low of C$188.22 and a 1-year high of C$237.25. The company has a debt-to-equity ratio of 34.90, a current ratio of 0.38 and a quick ratio of 0.28. The business’s fifty day moving average price is C$223.54 and its 200 day moving average price is C$213.53. The firm has a market capitalization of C$40.78 billion, a PE ratio of 32.67, a P/E/G ratio of 2.01 and a beta of 0.54.

Intact Financial (TSE:IFC) last announced its quarterly earnings results on Tuesday, February 13th. The company reported C$3.47 EPS for the quarter, topping the consensus estimate of C$3.44 by C$0.03. The business had revenue of C$6.53 billion for the quarter. Intact Financial had a return on equity of 8.16% and a net margin of 4.59%. As a group, sell-side analysts forecast that Intact Financial will post 14.526183 EPS for the current fiscal year.

Intact Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Friday, June 14th. Intact Financial’s payout ratio is 69.14%.

Insider Buying and Selling at Intact Financial

In other news, Senior Officer Benoit Morissette sold 7,000 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of C$226.23, for a total value of C$1,583,589.00. 0.23% of the stock is currently owned by company insiders.

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.