Insider Selling: Intact Financial Co. (IFC) Insider Sells 100 Shares of Stock

Intact Financial Co. (TSE:IFC) insider Mark Alan Tullis sold 100 shares of the business’s stock in a transaction that occurred on Thursday, December 6th. The shares were sold at an average price of C$100.45, for a total transaction of C$10,045.00.

Shares of IFC traded down C$1.10 during mid-day trading on Friday, hitting C$100.31. 223,700 shares of the company’s stock were exchanged, compared to its average volume of 226,704. Intact Financial Co. has a twelve month low of C$91.65 and a twelve month high of C$109.17. The company has a debt-to-equity ratio of 27.76, a quick ratio of 0.25 and a current ratio of 0.31.

Intact Financial (TSE:IFC) last announced its quarterly earnings results on Tuesday, November 6th. The company reported C$1.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$1.59 by C$0.03. The business had revenue of C$2.68 billion for the quarter, compared to analyst estimates of C$2.55 billion. Analysts expect that Intact Financial Co. will post 7.44999974005584 EPS for the current year.

A number of equities research analysts have recently issued reports on IFC shares. Raymond James boosted their price target on shares of Intact Financial from C$110.00 to C$113.00 and gave the company an “outperform” rating in a report on Wednesday, November 7th. Royal Bank of Canada upped their price objective on shares of Intact Financial from C$115.00 to C$117.00 and gave the company an “outperform” rating in a research note on Wednesday, November 7th. TD Securities upped their price objective on shares of Intact Financial from C$115.00 to C$120.00 and gave the company a “buy” rating in a research note on Wednesday, November 7th. CIBC upped their price objective on shares of Intact Financial from C$110.00 to C$115.00 in a research note on Wednesday, November 7th. Finally, National Bank Financial upped their price objective on shares of Intact Financial from C$103.00 to C$106.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 7th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of C$111.40.

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Intact Financial Company Profile

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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Insider Buying and Selling by Quarter for Intact Financial (TSE:IFC)

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