Intact Financial (TSE:IFC) Stock Passes Above 200 Day Moving Average – Should You Sell?

Shares of Intact Financial Co. (TSE:IFC) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$251.63 and traded as high as C$261.62. Intact Financial shares last traded at C$258.63, with a volume of 255,902 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. National Bankshares boosted their price target on shares of Intact Financial from C$294.00 to C$296.00 in a research report on Wednesday, November 6th. BMO Capital Markets increased their target price on shares of Intact Financial from C$275.00 to C$290.00 in a research note on Thursday, November 7th. Raymond James lifted their price target on shares of Intact Financial from C$264.00 to C$290.00 in a research report on Wednesday, November 6th. Scotiabank upped their price target on Intact Financial from C$281.00 to C$283.00 in a report on Thursday, November 7th. Finally, TD Securities raised their price objective on Intact Financial from C$293.00 to C$300.00 in a research note on Wednesday, November 6th. Two equities research 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 company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$274.90.

Intact Financial Trading Down 0.6 %

The company has a 50-day moving average price of C$267.15 and a 200 day moving average price of C$251.63. The firm has a market cap of C$46.13 billion, a price-to-earnings ratio of 22.77, a PEG ratio of 2.01 and a beta of 0.57. The company has a quick ratio of 0.28, a current ratio of 0.36 and a debt-to-equity ratio of 31.26.

Intact Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a $1.21 dividend. The ex-dividend date is Monday, December 16th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.87%. Intact Financial’s dividend payout ratio is 42.61%.

Insider Transactions at Intact Financial

In related news, Senior Officer Marie-Lucie Paradis sold 565 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of C$266.23, for a total transaction of C$150,419.95. Also, Senior Officer Kenneth Anderson sold 2,000 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$253.88, for a total value of C$507,759.00. Insiders sold 10,865 shares of company stock valued at $2,893,332 over the last three months. 0.24% of the stock is owned by corporate insiders.

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.