The Globe and Mail reports in its Thursday, June 19, edition that RBC Dominion Securities analyst Bart Dziarski rates Intact Financial "sector perform" in new coverage. The Globe's David Leeder writes in the Eye On Equities column that Mr. Dziarski set a share target of $329. Analysts on average target the shares at $323.58. Mr. Dziarski says in a note: "Intact Financial's solid long-term track record of strong execution and defensive attributes drive the company's currently elevated valuation, which we believe is warranted. We believe Intact is a core holding for many investors and will remain so but we remain on the sidelines waiting for a better entry point. With Definity Financial's recently announced in-market acquisition of Travelers, we believe this could be a catalyst for continued underwriter consolidation and Intact is well positioned to be on the offensive in this regard, with $3-billion excess capital, a 20-per-cent leverage ratio and a track record of 20-per-cent internal rate of return on prior underwriting acquisitions." The Globe reported on May 23 that Scotia Capital analyst Phil Hardie had reaffirmed his "sector outperform" recommendation for Intact Financial, which was then trading at $303.48.