Darren Christopher Godfrey Sells 1,850 Shares of Intact Financial Co. (TSE:IFC) Stock

Intact Financial Co. (TSE:IFC) Senior Officer Darren Christopher Godfrey sold 1,850 shares of Intact Financial 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 shares were sold at an average price of C$255.00, for a total transaction of C$510,000.00.

Intact Financial Stock Down 0.3 %

Shares of TSE:IFC traded down C$0.90 during midday trading on Wednesday, hitting C$268.58. 22,085 shares of the company’s stock were exchanged, compared to its average volume of 282,803. 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 50 day moving average price of C$266.44 and a 200-day moving average price of C$249.79. The company has a market cap of C$47.90 billion, a PE ratio of 23.72, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57. 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date is Monday, December 16th. Intact Financial’s payout ratio is 42.61%.

Analysts Set New Price Targets

A number of brokerages have weighed in on IFC. 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. Raymond James lifted their target price on shares of Intact Financial from C$264.00 to C$290.00 in a research note on Wednesday, November 6th. National Bankshares lifted their target price on shares of Intact Financial from C$294.00 to C$296.00 in a research note on Wednesday, November 6th. Jefferies Financial Group lowered their target price on shares of Intact Financial from C$264.00 to C$262.00 and set a “hold” rating for the company in a research note on Thursday, August 22nd. Finally, BMO Capital Markets lifted their price target on shares of Intact Financial from C$275.00 to C$290.00 in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Intact Financial presently has a consensus rating of “Moderate Buy” and an average price target 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.