Intact Financial Co. (TSE:IFC) Senior Officer Joseph D’annunzio sold 1,000 shares of Intact Financial stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of C$118.61, for a total transaction of C$118,610.00. Following the sale, the insider now directly owns 4,730 shares of the company’s stock, valued at approximately C$561,025.30.
TSE:IFC traded up C$1.21 during trading hours on Friday, reaching C$119.79. The company’s stock had a trading volume of 81,554 shares, compared to its average volume of 262,722. The company has a market capitalization of $16.51 billion and a price-to-earnings ratio of 22.87. Intact Financial Co. has a 12 month low of C$91.65 and a 12 month high of C$120.50. The company has a quick ratio of 0.21, a current ratio of 0.28 and a debt-to-equity ratio of 32.96.
Intact Financial (TSE:IFC) last issued its quarterly earnings data on Tuesday, May 7th. The company reported C$0.73 EPS for the quarter, topping analysts’ consensus estimates of C$0.57 by C$0.16. The business had revenue of C$2.66 billion during the quarter, compared to the consensus estimate of C$2.53 billion. On average, sell-side analysts expect that Intact Financial Co. will post 7.9779917 EPS for the current year.
Several analysts have recently weighed in on IFC shares. Desjardins lifted their price target on shares of Intact Financial from C$104.00 to C$111.00 in a research note on Friday, February 22nd. Royal Bank of Canada boosted their price objective on shares of Intact Financial from C$115.00 to C$120.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. Raymond James reissued an “outperform” rating and issued a C$119.00 price objective on shares of Intact Financial in a research note on Tuesday, April 9th. TD Securities boosted their price objective on shares of Intact Financial from C$120.00 to C$125.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Finally, National Bank Financial boosted their price objective on shares of Intact Financial from C$109.00 to C$110.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 8th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Intact Financial has an average rating of “Buy” and an average price target of C$118.45.
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About Intact Financial
Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada and the United States. It offers personal auto insurance; and insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles.
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