Insider Selling: Intact Financial Co. (TSE:IFC) Senior Officer Sells C$1,722,738.00 in Stock

Intact Financial Co. (TSE:IFC) Senior Officer Benoit Morissette sold 6,000 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of C$287.12, for a total value of C$1,722,738.00.

Intact Financial Stock Up 0.4 %

Shares of Intact Financial stock opened at C$288.21 on Friday. The stock’s fifty day moving average is C$263.23 and its 200-day moving average is C$260.77. The firm has a market capitalization of C$51.27 billion, a PE ratio of 22.32, 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$216.62 and a 12-month high of C$294.35.

Analyst Ratings Changes

IFC has been the subject of a number of analyst reports. National Bankshares boosted their price target on Intact Financial from C$294.00 to C$296.00 in a research report on Wednesday, November 6th. CIBC upped their price objective on Intact Financial from C$280.00 to C$290.00 and gave the company a “neutral” rating in a report on Thursday. BMO Capital Markets upped their price objective on Intact Financial from C$290.00 to C$315.00 in a report on Thursday. Scotiabank upped their price objective on Intact Financial from C$281.00 to C$283.00 in a report on Thursday, November 7th. Finally, Desjardins upped their price objective on Intact Financial from C$295.00 to C$315.00 and gave the company a “buy” rating in a report on Thursday. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$292.90.

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.