Intact Financial (TSE:IFC) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Intact Financial Co. (TSE:IFC)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$255.22 and traded as high as C$261.42. Intact Financial shares last traded at C$258.22, with a volume of 202,865 shares trading hands.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. National Bankshares raised their price target on Intact Financial from C$294.00 to C$296.00 in a research report on Wednesday, November 6th. Scotiabank lifted their price objective on Intact Financial from C$281.00 to C$283.00 in a research report on Thursday, November 7th. Raymond James upped their target price on shares of Intact Financial from C$264.00 to C$290.00 in a report on Wednesday, November 6th. BMO Capital Markets boosted their price objective on shares of Intact Financial from C$275.00 to C$290.00 in a research report on Thursday, November 7th. Finally, TD Securities raised their target price on shares of Intact Financial from C$293.00 to C$300.00 in a research report on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Intact Financial currently has a consensus rating of “Moderate Buy” and an average target price of C$274.90.

Intact Financial Stock Up 0.1 %

The company has a debt-to-equity ratio of 31.26, a current ratio of 0.36 and a quick ratio of 0.28. The stock has a market cap of C$46.06 billion, a price-to-earnings ratio of 22.73, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57. The firm’s 50-day moving average is C$266.22 and its 200 day moving average is C$255.22.

Intact Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a $1.21 dividend. This represents a $4.84 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Monday, December 16th. Intact Financial’s dividend payout ratio (DPR) is currently 42.61%.

Insider Activity at Intact Financial

In other news, Senior Officer Frédéric Cotnoir sold 450 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of C$266.73, for a total value of C$120,028.50. Also, Senior Officer Marie-Lucie Paradis sold 565 shares of Intact Financial stock in a transaction on Monday, November 11th. The shares were sold at an average price of C$266.23, for a total transaction of C$150,419.95. Over the last 90 days, insiders have sold 8,865 shares of company stock worth $2,385,573. 0.24% of the stock is owned by insiders.

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.