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

Intact Financial Co. (TSE:IFC) announced a quarterly dividend on Tuesday, July 30th, Zacks reports. Investors 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 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Friday, September 13th.

Intact Financial Price Performance

IFC opened at C$254.79 on Thursday. The company has a market capitalization of C$45.44 billion, a price-to-earnings ratio of 22.47, 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. The firm has a 50-day moving average price of C$246.41 and a 200-day moving average price of C$232.57. Intact Financial has a twelve month low of C$188.27 and a twelve month high of C$263.74.

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

Wall Street Analysts Forecast Growth

IFC has been the subject of several recent research reports. Raymond James lifted their target price on shares of Intact Financial from C$261.00 to C$269.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. TD Securities raised their price objective on shares of Intact Financial from C$270.00 to C$282.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Scotiabank cut their price objective on shares of Intact Financial from C$272.00 to C$263.00 and set an “outperform” rating for the company in a research report on Thursday, August 22nd. Jefferies Financial Group cut their price objective on shares of Intact Financial from C$264.00 to C$262.00 and set a “hold” rating for the company in a research report on Thursday, August 22nd. Finally, CIBC raised their price objective on shares of Intact Financial from C$250.00 to C$270.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Intact Financial currently has an average rating of “Moderate Buy” and a consensus price target of C$264.40.

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.