Insider Selling: Intact Financial Co. (TSE:IFC) Senior Officer Sells 6,000 Shares of Stock

Intact Financial Co. (TSE:IFC) Senior Officer Benoit Morissette sold 6,000 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of C$287.12, for a total value of C$1,722,738.00.

Intact Financial Stock Down 1.1 %

TSE:IFC traded down C$3.16 during trading hours on Thursday, reaching C$287.10. 282,430 shares of the stock were exchanged, compared to its average volume of 243,304. Intact Financial Co. has a 52 week low of C$213.11 and a 52 week high of C$294.35. The stock has a market capitalization of C$51.07 billion, a P/E ratio of 22.23, a P/E/G ratio of 2.01 and a beta of 0.57. The firm has a 50 day simple moving average of C$262.47 and a 200-day simple moving average of C$260.27.

Analyst Ratings Changes

IFC has been the subject of a number of research reports. BMO Capital Markets upped their price target on shares of Intact Financial from C$290.00 to C$315.00 in a research report on Thursday. Scotiabank upped their target price on Intact Financial from C$281.00 to C$283.00 in a research report on Thursday, November 7th. CIBC raised their target price on Intact Financial from C$280.00 to C$290.00 and gave the company a “neutral” rating in a report on Thursday. Jefferies Financial Group upped their price target on Intact Financial from C$284.00 to C$301.00 in a report on Thursday. Finally, TD Securities increased their price objective on shares of Intact Financial from C$300.00 to C$324.00 and gave the company a “buy” rating in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Intact Financial presently has a consensus rating of “Moderate Buy” and an average price target of C$292.90.

About Intact Financial

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.