Benoit Morissette Sells 6,000 Shares of Intact Financial Co. (TSE:IFC) Stock

Intact Financial Co. (TSE:IFC) Senior Officer Benoit Morissette sold 6,000 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of C$287.12, for a total transaction of C$1,722,738.00.

Intact Financial Trading Down 1.1 %

Shares of TSE IFC traded down C$3.16 during midday trading on Thursday, reaching C$287.10. 282,430 shares of the stock were exchanged, compared to its average volume of 243,304. The company has a market capitalization of C$51.07 billion, a P/E ratio of 22.23, a P/E/G ratio of 2.01 and a beta of 0.57. The stock has a 50 day moving average price of C$262.47 and a 200-day moving average price of C$260.27. Intact Financial Co. has a 52-week low of C$213.11 and a 52-week high of C$294.35.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on IFC. Scotiabank upped their target price on shares of Intact Financial from C$281.00 to C$283.00 in a report on Thursday, November 7th. Jefferies Financial Group lifted their price objective on shares of Intact Financial from C$284.00 to C$301.00 in a research note on Thursday. TD Securities increased their price objective on Intact Financial from C$300.00 to C$324.00 and gave the stock a “buy” rating in a research report on Wednesday. Desjardins lifted their price objective on shares of Intact Financial from C$295.00 to C$315.00 and gave the company a “buy” rating in a research report on Thursday. Finally, BMO Capital Markets increased their target price on Intact Financial from C$290.00 to C$315.00 in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$292.90.

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.