Intact Financial Co. (TSE:IFC) Senior Officer Darren Christopher Godfrey Sells 1,850 Shares

Intact Financial Co. (TSE:IFC) Senior Officer Darren Christopher Godfrey sold 1,850 shares of Intact Financial stock in a transaction dated Friday, December 6th. The stock was sold at an average price of C$272.50, for a total value of C$504,125.00.

Darren Christopher Godfrey also recently made the following trade(s):

• On Monday, September 16th, Darren Christopher Godfrey sold 2,000 shares of Intact Financial stock. The shares were sold at an average price of C$255.00, for a total value of C$510,000.00.

Intact Financial Trading Up 0.1 %

Shares of IFC stock opened at C$263.30 on Friday. The firm has a fifty day moving average of C$266.89 and a 200-day moving average of C$250.71. The stock has a market cap of C$46.96 billion, a price-to-earnings ratio of 23.18, a P/E/G ratio of 2.01 and a beta of 0.57. Intact Financial Co. has a 52-week low of C$197.82 and a 52-week high of C$275.84. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a $1.21 dividend. This represents a $4.84 annualized dividend and a yield of 1.84%. The ex-dividend date is Monday, December 16th. Intact Financial’s dividend payout ratio (DPR) is presently 42.61%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on IFC. Raymond James upped their price target on Intact Financial from C$264.00 to C$290.00 in a report on Wednesday, November 6th. BMO Capital Markets boosted their target price on shares of Intact Financial from C$275.00 to C$290.00 in a research report on Thursday, November 7th. Jefferies Financial Group reduced their price target on shares of Intact Financial from C$264.00 to C$262.00 and set a “hold” rating for the company in a report on Thursday, August 22nd. Scotiabank boosted their price objective on shares of Intact Financial from C$281.00 to C$283.00 in a report on Thursday, November 7th. Finally, TD Securities upped their price objective on shares of Intact Financial from C$293.00 to C$300.00 in a research report 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 MarketBeat.com, Intact Financial presently has a consensus rating of “Moderate Buy” and a consensus 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.