Intact Financial Co. (IFC) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Intact Financial Co. (TSE:IFC) have received a consensus rating of “Hold” from the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$109.20.

Several analysts have recently commented on IFC shares. CIBC cut shares of Intact Financial from an “outperform” rating to a “neutral” rating and increased their price target for the company from C$106.00 to C$113.00 in a research note on Friday, October 27th. Raymond James Financial raised shares of Intact Financial from a “market perform” rating to an “outperform” rating and increased their price target for the company from C$104.00 to C$110.00 in a research note on Thursday, October 19th. National Bank Financial increased their price target on shares of Intact Financial from C$105.00 to C$112.00 and gave the company a “sector perform” rating in a research note on Monday, November 6th. TD Securities raised shares of Intact Financial from a “hold” rating to a “buy” rating and increased their price target for the company from C$115.00 to C$120.00 in a research note on Thursday, November 16th. Finally, Desjardins cut shares of Intact Financial from a “hold” rating to a “sell” rating and increased their price target for the company from C$98.00 to C$100.00 in a research note on Monday, October 2nd.

Intact Financial (IFC) traded down C$0.55 on Tuesday, hitting C$103.68. 173,304 shares of the stock traded hands, compared to its average volume of 151,577. Intact Financial has a twelve month low of C$91.40 and a twelve month high of C$109.33. The company has a market capitalization of $14,430.00, a PE ratio of 19.13 and a beta of 0.31.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were issued a $0.64 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $2.56 annualized dividend and a yield of 2.47%. Intact Financial’s dividend payout ratio 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.

Analyst Recommendations for Intact Financial (TSE:IFC)

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