Intact Financial Co. (TSE:IFC) shares reached a new 52-week high on Thursday . The company traded as high as C$105.92 and last traded at C$105.80, with a volume of 37,330 shares. The stock had previously closed at C$105.14.
A number of research firms recently weighed in on IFC. BMO Capital Markets set a C$110.00 price target on Intact Financial and gave the stock an “outperform” rating in a research note on Thursday, August 3rd. Barclays PLC upped their price target on Intact Financial from C$100.00 to C$109.00 in a research note on Friday, October 20th. Raymond James Financial, Inc. raised Intact Financial from a “market perform” rating to an “outperform” rating and upped their price target for the stock from C$104.00 to C$110.00 in a research note on Thursday, October 19th. TD Securities upped their price target on Intact Financial from C$105.00 to C$110.00 and gave the stock a “buy” rating in a research note on Thursday, October 12th. Finally, Desjardins upped their price target on Intact Financial from C$96.00 to C$98.00 in a research note on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of C$105.20.
The stock has a market cap of $13.84 billion and a price-to-earnings ratio of 20.78. The firm has a 50-day moving average price of $102.13 and a 200-day moving average price of $97.53.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 2.43%. This is a boost from Intact Financial’s previous quarterly dividend of $0.53. The ex-dividend date was Thursday, September 14th.
In other news, insider Jean-François Desautels sold 1,420 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of C$99.51, for a total value of C$141,304.20.
About Intact Financial
Intact Financial Corporation is a holding company, which provides property and casualty (P&C) insurance. The Company operates through P&C insurance operations segment. It offers a range of car, home and business insurance products, including personal auto, personal property, commercial P&C and commercial auto.