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 the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of C$272.50, for a total transaction 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 stock was sold at an average price of C$255.00, for a total transaction of C$510,000.00.

Intact Financial Trading Down 0.3 %

Shares of IFC traded down C$0.90 during trading hours on Wednesday, reaching C$268.58. 22,085 shares of the company traded hands, compared to its average volume of 282,803. The company’s fifty day moving average price is C$266.44 and its two-hundred day moving average price is C$249.79. The company has a market capitalization of C$47.90 billion, a price-to-earnings ratio of 23.72, a price-to-earnings-growth 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 Co. has a 12 month low of C$197.82 and a 12 month high of C$275.84.

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 dividend of $1.21 per share. The ex-dividend date is Monday, December 16th. This represents a $4.84 dividend on an annualized basis and a yield of 1.80%. Intact Financial’s dividend payout ratio (DPR) is currently 42.61%.

Wall Street Analyst Weigh In

Several research firms recently commented on IFC. 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 report on Thursday, August 22nd. Raymond James increased their target price on shares of Intact Financial from C$264.00 to C$290.00 in a research note 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. Scotiabank increased their target price on shares of Intact Financial from C$281.00 to C$283.00 in a research note on Thursday, November 7th. Finally, National Bankshares raised their price objective on shares of Intact Financial from C$294.00 to C$296.00 in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently 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.