Intact Financial Co. (TSE:IFC – Free Report) – Research analysts at Desjardins increased their FY2024 earnings estimates for shares of Intact Financial in a research note issued to investors on Monday, February 3rd. Desjardins analyst D. Young now expects that the company will earn $13.66 per share for the year, up from their previous forecast of $13.50. The consensus estimate for Intact Financial’s current full-year earnings is $16.17 per share. Desjardins also issued estimates for Intact Financial’s Q4 2024 earnings at $4.15 EPS, FY2025 earnings at $16.25 EPS and FY2026 earnings at $17.30 EPS.
Other equities research analysts have also issued reports about the stock. BMO Capital Markets boosted their price objective on shares of Intact Financial from C$275.00 to C$290.00 in a research report on Thursday, November 7th. Cibc World Mkts lowered shares of Intact Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Scotiabank lifted their price target on shares of Intact Financial from C$281.00 to C$283.00 in a report on Thursday, November 7th. Raymond James upped their price objective on shares of Intact Financial from C$264.00 to C$290.00 in a research note on Wednesday, November 6th. Finally, TD Securities lifted their target price on shares of Intact Financial from C$293.00 to C$300.00 in a research note on Wednesday, November 6th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Intact Financial has a consensus rating of “Moderate Buy” and an average target price of C$274.90.
Intact Financial Stock Performance
TSE:IFC opened at C$261.57 on Wednesday. The company has a quick ratio of 0.28, a current ratio of 0.36 and a debt-to-equity ratio of 31.26. Intact Financial has a fifty-two week low of C$206.57 and a fifty-two week high of C$275.84. The stock has a market cap of C$46.65 billion, a PE ratio of 23.03, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57. The firm’s fifty day simple moving average is C$261.47 and its 200-day simple moving average is C$258.59.
Intact Financial (TSE:IFC – Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The company reported C$1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.29 by C$0.72. Intact Financial had a net margin of 7.14% and a return on equity of 12.93%. During the same period in the previous year, the company posted $2.10 EPS.
Insiders Place Their Bets
In other news, Senior Officer Darren Christopher Godfrey sold 1,850 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of C$272.50, for a total value of C$504,125.00. Also, Senior Officer Marie-Lucie Paradis sold 565 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of C$266.23, for a total transaction of C$150,419.95. Insiders have sold 8,865 shares of company stock valued at $2,385,573 over the last three months. 0.24% of the stock is currently owned by 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.
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