Intact Financial Co. (IFC) Sets New 1-Year High at $109.17

Intact Financial Co. (TSE:IFC)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$109.17 and last traded at C$107.30, with a volume of 139776 shares. The stock had previously closed at C$106.52.

A number of equities analysts have recently issued reports on the company. BMO Capital Markets set a C$110.00 price objective on Intact Financial and gave the stock an “outperform” rating in a report on Thursday, August 3rd. Royal Bank Of Canada upped their price objective on Intact Financial from C$109.00 to C$110.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 8th. Scotiabank upped their price objective on Intact Financial from C$105.00 to C$110.00 and gave the stock an “outperform” rating in a report on Tuesday, October 31st. TD Securities upgraded Intact Financial from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$115.00 to C$120.00 in a report on Thursday, November 16th. Finally, Barclays PLC upped their price objective on Intact Financial from C$100.00 to C$109.00 in a report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of C$109.20.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend is Thursday, December 14th. Intact Financial’s dividend payout ratio (DPR) is currently 46.13%.

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Intact Financial Company Profile

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.

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