Intact Financial Co. (TSE:IFC) Plans Quarterly Dividend of $1.21

Intact Financial Co. (TSE:IFC) announced a quarterly dividend on Tuesday, November 5th,Zacks Dividends reports. Shareholders of record on Monday, December 16th will be paid a dividend of 1.21 per share on Tuesday, December 31st. This represents a $4.84 annualized dividend and a yield of 1.84%. The ex-dividend date is Monday, December 16th.

Intact Financial Trading Up 0.1 %

Shares of IFC opened at C$263.30 on Friday. The firm’s 50-day moving average price is C$266.89 and its 200-day moving average price is C$250.71. The firm has a market capitalization of C$46.96 billion, a price-to-earnings ratio of 23.18, a PEG ratio of 2.01 and a beta of 0.57. The company has a current ratio of 0.36, a quick ratio of 0.28 and a debt-to-equity ratio of 31.26. Intact Financial has a 1-year low of C$197.82 and a 1-year high of C$275.84.

Insider Activity at Intact Financial

In related news, Senior Officer Kenneth Anderson sold 2,000 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$253.88, for a total value of C$507,759.00. Also, Senior Officer Marie-Lucie Paradis sold 565 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of C$266.23, for a total value of C$150,419.95. Insiders sold 12,865 shares of company stock valued at $3,403,332 in the last three months. 0.24% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on IFC. BMO Capital Markets boosted their price target on shares of Intact Financial from C$275.00 to C$290.00 in a research report on Thursday, November 7th. National Bankshares boosted their target price on Intact Financial from C$294.00 to C$296.00 in a research report on Wednesday, November 6th. Scotiabank raised their price target on Intact Financial from C$281.00 to C$283.00 in a research note on Thursday, November 7th. TD Securities upped their price objective on Intact Financial from C$293.00 to C$300.00 in a research report on Wednesday, November 6th. Finally, Raymond James lifted their target price on Intact Financial from C$264.00 to C$290.00 in a research report on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Intact Financial 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.