Intact Financial (TSE:IFC) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Intact Financial Co. (TSE:IFC) 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.

Wall Street Analyst Weigh In

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

Intact Financial Trading Down 0.8 %

The stock’s 50-day simple moving average is C$266.02 and its two-hundred day simple moving average is C$255.50. 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 firm has a market capitalization of C$46.09 billion, a P/E ratio of 22.75, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57.

Intact Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $1.21 per share. 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 is currently 42.61%.

Insider Buying and Selling

In other Intact Financial news, Senior Officer Darren Christopher Godfrey sold 1,850 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of C$272.50, for a total value of C$504,125.00. Also, Senior Officer Charles Brindamour sold 6,000 shares of Intact Financial stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of C$268.50, for a total value of C$1,611,000.00. In the last three months, insiders have sold 8,865 shares of company stock valued at $2,385,573. Corporate insiders own 0.24% of the company’s stock.

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.