Intact Financial (TSE:IFC – Free Report) had its target price lifted by Royal Bank of Canada from C$229.00 to C$236.00 in a research report sent to investors on Monday morning, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.
A number of other analysts also recently issued reports on IFC. Desjardins raised their target price on Intact Financial from C$235.00 to C$238.00 and gave the stock a buy rating in a research report on Tuesday, April 16th. Scotiabank boosted their price objective on Intact Financial from C$256.00 to C$261.00 in a research note on Friday. Raymond James increased their target price on shares of Intact Financial from C$221.00 to C$247.00 in a research report on Wednesday, February 14th. National Bankshares reduced their target price on shares of Intact Financial from C$250.00 to C$245.00 and set an outperform rating for the company in a research note on Thursday, February 15th. Finally, TD Securities raised their price objective on shares of Intact Financial from C$225.00 to C$235.00 and gave the stock a buy rating in a report on Wednesday, February 14th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of C$239.89.
Intact Financial Price Performance
Intact Financial (TSE:IFC – Get Free Report) last released its earnings results on Tuesday, February 13th. The company reported C$3.47 earnings per share for the quarter, beating analysts’ consensus estimates of C$3.44 by C$0.03. The firm had revenue of C$6.53 billion during the quarter. Intact Financial had a net margin of 4.59% and a return on equity of 8.16%. On average, research analysts expect that Intact Financial will post 14.4651774 EPS for the current year.
Intact Financial Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $1.21 dividend. This is a positive change from Intact Financial’s previous quarterly dividend of $1.10. This represents a $4.84 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date was Thursday, March 14th. Intact Financial’s dividend payout ratio (DPR) is 69.24%.
Insider Buying and Selling
In other Intact Financial news, Senior Officer Benoit Morissette sold 7,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of C$226.23, for a total value of C$1,583,589.00. 0.23% of the stock is currently owned by 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.
Read More
- Five stocks we like better than Intact Financial
- The 3 Best Blue-Chip Stocks to Buy Now
- The 3 Hottest Insiders Buys This Month
- How to invest in blue chip stocks
- What Bulls and Bears May Be Getting Wrong about SOFI Stock
- About the Markup Calculator
- Microsoft Analysis: Trends, Predictions & Investment Insight
Receive News & Ratings for Intact Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intact Financial and related companies with MarketBeat.com's FREE daily email newsletter.