Intact Financial Co. (IFC) To Go Ex-Dividend on September 13th

Intact Financial Co. (TSE:IFC) announced a quarterly dividend on Tuesday, July 30th, Zacks reports. Shareholders of record on Friday, September 13th will be given a dividend of 1.21 per share on Friday, September 27th. This represents a $4.84 annualized dividend and a yield of 1.91%. The ex-dividend date is Friday, September 13th.

Intact Financial Stock Up 0.4 %

Shares of IFC opened at C$253.11 on Wednesday. Intact Financial has a 52 week low of C$188.27 and a 52 week high of C$263.74. The firm has a market capitalization of C$45.14 billion, a P/E ratio of 22.32, a P/E/G ratio of 2.01 and a beta of 0.57. The company has a 50-day simple moving average of C$245.97 and a 200-day simple moving average of C$232.41. The company has a debt-to-equity ratio of 31.26, a quick ratio of 0.28 and a current ratio of 0.36.

Intact Financial (TSE:IFC) last announced its quarterly earnings data on Tuesday, July 30th. The company reported C$4.86 EPS for the quarter, topping analysts’ consensus estimates of C$3.61 by C$1.25. Intact Financial had a return on equity of 12.93% and a net margin of 7.14%. The company had revenue of C$7.07 billion during the quarter, compared to the consensus estimate of C$7.64 billion. On average, equities research analysts expect that Intact Financial will post 15.9993679 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on IFC. Raymond James boosted their price target on shares of Intact Financial from C$261.00 to C$269.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. BMO Capital Markets raised their price target on shares of Intact Financial from C$250.00 to C$275.00 in a research note on Thursday, August 1st. Cormark upped their price objective on Intact Financial from C$250.00 to C$260.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. National Bankshares increased their target price on Intact Financial from C$260.00 to C$265.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Finally, Jefferies Financial Group decreased their price target on 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. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$264.40.

Insiders Place Their Bets

In related news, Senior Officer Louis Gagnon sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of C$223.08, for a total value of C$2,230,768.00. Insiders own 0.24% of the company’s stock.

Intact Financial Company Profile

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.