Intact Financial Co. (IFC) Reaches New 52-Week High at $103.18
Shares of Intact Financial Co. (TSE:IFC) reached a new 52-week high on Monday . The stock traded as high as C$103.18 and last traded at C$102.32, with a volume of 154,424 shares traded. The stock had previously closed at C$101.63.
IFC has been the subject of several recent research reports. Scotiabank reissued an “outperform” rating and issued a C$105.00 price target on shares of Intact Financial in a research note on Tuesday, July 4th. TD Securities reissued a “hold” rating and issued a C$97.00 price target on shares of Intact Financial in a research note on Tuesday, July 4th. Raymond James Financial, Inc. boosted their price target on shares of Intact Financial from C$102.00 to C$104.00 and gave the stock a “market perform” rating in a research note on Thursday, August 3rd. BMO Capital Markets set a C$110.00 price target on shares of Intact Financial and gave the stock an “outperform” rating in a research note on Thursday, August 3rd. Finally, Desjardins boosted their price target on shares of Intact Financial from C$96.00 to C$98.00 in a research note on Wednesday, August 2nd. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of C$102.20.
The company’s 50-day moving average is $100.28 and its 200 day moving average is $96.02. The stock has a market capitalization of $13.34 billion and a PE ratio of 20.03.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.64 per share. The ex-dividend date is Thursday, September 14th. This is a boost from Intact Financial’s previous quarterly dividend of $0.53. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.51%.
In related news, insider Jean-François Desautels sold 1,420 shares of Intact Financial stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of C$99.51, for a total transaction of C$141,304.20.
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About Intact Financial
Intact Financial Corporation is a holding company, which provides property and casualty (P&C) insurance. The Company operates through P&C insurance operations segment. It offers a range of car, home and business insurance products, including personal auto, personal property, commercial P&C and commercial auto.
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