Intact Financial (TSE:IFC) Sets New 52-Week High After Analyst Upgrade

Intact Financial Co. (TSE:IFC)’s stock price hit a new 52-week high on Tuesday after UBS Group raised their price target on the stock from C$275.00 to C$290.00. The stock traded as high as C$24.74 and last traded at C$289.45, with a volume of 478979 shares traded. The stock had previously closed at C$288.21.

IFC has been the subject of a number of other reports. TD Securities upped their price objective on Intact Financial from C$300.00 to C$324.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Scotiabank increased their price target on shares of Intact Financial from C$281.00 to C$283.00 in a report on Thursday, November 7th. Jefferies Financial Group lifted their price objective on shares of Intact Financial from C$284.00 to C$301.00 in a report on Thursday, February 13th. Raymond James upped their price objective on shares of Intact Financial from C$290.00 to C$302.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Finally, BMO Capital Markets raised their target price on Intact Financial from C$290.00 to C$315.00 in a research report on Thursday, February 13th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Intact Financial currently has a consensus rating of “Moderate Buy” and an average target price of C$292.64.

Insiders Place Their Bets

In other news, Senior Officer Frédéric Cotnoir sold 450 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of C$266.73, for a total value of C$120,028.50. Also, Senior Officer Charles Brindamour sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of C$268.50, for a total value of C$1,611,000.00. Insiders sold 14,300 shares of company stock valued at $3,957,892 in the last three months. 0.24% of the stock is currently owned by insiders.

Intact Financial Trading Up 0.4 %

The company has a market capitalization of C$51.49 billion, a PE ratio of 22.41, a PEG ratio of 2.01 and a beta of 0.57. The business has a fifty day moving average of C$263.50 and a 200 day moving average of C$261.20.

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.