Intact Financial (TSE:IFC) Hits New 1-Year High – Time to Buy?

Intact Financial Co. (TSE:IFC) shares hit a new 52-week high on Wednesday . The stock traded as high as C$287.82 and last traded at C$284.00, with a volume of 13646 shares. The stock had previously closed at C$276.23.

Analyst Ratings Changes

IFC has been the topic of several recent research reports. TD Securities lifted their target price on shares of Intact Financial from C$293.00 to C$300.00 in a report on Wednesday, November 6th. BMO Capital Markets boosted their target price on shares of Intact Financial from C$275.00 to C$290.00 in a research report on Thursday, November 7th. National Bankshares boosted their price objective on shares of Intact Financial from C$294.00 to C$296.00 in a research report on Wednesday, November 6th. Raymond James increased their target price on Intact Financial from C$264.00 to C$290.00 in a research report on Wednesday, November 6th. Finally, Cibc World Mkts downgraded Intact Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$274.90.

Intact Financial Stock Performance

The firm’s 50-day simple moving average is C$262.06 and its two-hundred day simple moving average is C$259.93. The company has a current ratio of 0.36, a quick ratio of 0.28 and a debt-to-equity ratio of 31.26. The stock has a market capitalization of C$51.23 billion, a PE ratio of 25.29, a PEG ratio of 2.01 and a beta of 0.57.

Insider Buying and Selling at Intact Financial

In related news, Senior Officer Frédéric Cotnoir sold 450 shares of Intact Financial stock in a transaction on Friday, November 29th. The shares were sold at an average price of C$266.73, for a total value of C$120,028.50. Also, Senior Officer Darren Christopher Godfrey sold 1,850 shares of Intact Financial stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of C$272.50, for a total value of C$504,125.00. Insiders have sold a total of 8,300 shares of company stock valued at $2,235,154 in the last 90 days. 0.24% of the stock is currently owned by corporate insiders.

Intact Financial Company Profile

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.