Q4 EPS Forecast for Intact Financial Raised by Analyst

Intact Financial Co. (TSE:IFC) – Stock analysts at National Bank Financial increased their Q4 2024 earnings estimates for Intact Financial in a research note issued on Tuesday, November 5th. National Bank Financial analyst J. Gloyn now forecasts that the company will earn $4.16 per share for the quarter, up from their previous estimate of $4.11. The consensus estimate for Intact Financial’s current full-year earnings is $16.17 per share. National Bank Financial also issued estimates for Intact Financial’s FY2025 earnings at $15.44 EPS.

Several other research firms also recently commented on IFC. BMO Capital Markets upped their price target on shares of Intact Financial from C$275.00 to C$290.00 in a research note on Thursday. Raymond James upped their price target on shares of Intact Financial from C$264.00 to C$290.00 in a research note on Wednesday. Cormark upped their price target on shares of Intact Financial from C$250.00 to C$260.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. TD Securities upped their price target on shares of Intact Financial from C$293.00 to C$300.00 in a research note on Wednesday. Finally, Scotiabank upped their price target on shares of Intact Financial from C$281.00 to C$283.00 in a research note on Thursday. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$274.90.

Intact Financial Trading Up 0.9 %

IFC stock opened at C$266.23 on Thursday. The company has a debt-to-equity ratio of 31.26, a quick ratio of 0.28 and a current ratio of 0.36. The company’s 50-day simple moving average is C$260.44 and its 200 day simple moving average is C$243.63. Intact Financial has a 52 week low of C$197.82 and a 52 week high of C$273.05. The company has a market capitalization of C$47.48 billion, a PE ratio of 23.44, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57.

Insider Buying and Selling

In other news, Senior Officer Kenneth Anderson sold 2,000 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$253.88, for a total value of C$507,759.00. 0.24% of the stock is currently owned by company insiders.

Intact Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $1.21 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $4.84 annualized dividend and a yield of 1.82%. Intact Financial’s dividend payout ratio is 42.61%.

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.