Insider Selling: Intact Financial Co. (TSE:IFC) Senior Officer Sells 565 Shares of Stock

Intact Financial Co. (TSE:IFC) Senior Officer Marie-Lucie Paradis sold 565 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of C$266.23, for a total value of C$150,419.95.

Intact Financial Price Performance

TSE:IFC opened at C$270.63 on Thursday. Intact Financial Co. has a 52-week low of C$197.82 and a 52-week high of C$273.05. The stock has a fifty day moving average of C$261.02 and a 200 day moving average of C$244.60. The company has a debt-to-equity ratio of 31.26, a quick ratio of 0.28 and a current ratio of 0.36. The firm has a market capitalization of C$48.27 billion, a price-to-earnings ratio of 23.60, a P/E/G ratio of 2.01 and a beta of 0.57.

Intact Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $1.21 per share. The ex-dividend date is Monday, December 16th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.79%. Intact Financial’s dividend payout ratio (DPR) is presently 42.61%.

Analyst Ratings Changes

Several equities research analysts have commented on IFC shares. National Bankshares upped their price objective on shares of Intact Financial from C$294.00 to C$296.00 in a report on Wednesday, November 6th. Jefferies Financial Group dropped their price target on shares of Intact Financial from C$264.00 to C$262.00 and set a “hold” rating on the stock in a research note on Thursday, August 22nd. Scotiabank lifted their price objective on shares of Intact Financial from C$281.00 to C$283.00 in a research note on Thursday, November 7th. BMO Capital Markets increased their target price on Intact Financial from C$275.00 to C$290.00 in a research report on Thursday, November 7th. Finally, CIBC raised their price target on Intact Financial from C$250.00 to C$270.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$274.90.

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.