FY2024 EPS Estimate for Intact Financial Lifted by Analyst

Intact Financial Co. (TSE:IFC) – Equities researchers at National Bank Financial increased their FY2024 earnings per share (EPS) estimates for Intact Financial in a report released on Tuesday, November 5th. National Bank Financial analyst J. Gloyn now anticipates that the company will earn $13.66 per share for the year, up from their previous estimate of $12.54. 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 FY2026 earnings at $16.21 EPS.

A number of other research analysts have also commented on the stock. National Bankshares lifted their price objective on shares of Intact Financial from C$294.00 to C$296.00 in a research note on Wednesday. Raymond James upped their price objective on Intact Financial from C$264.00 to C$290.00 in a research note on Wednesday. Scotiabank lifted their target price on Intact Financial from C$281.00 to C$283.00 in a research note on Thursday. Jefferies Financial Group cut their price target on Intact Financial from C$264.00 to C$262.00 and set a “hold” rating for the company in a research note on Thursday, August 22nd. Finally, Cormark increased their price target on Intact Financial from C$250.00 to C$260.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Intact Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of C$274.90.

Intact Financial Stock Up 0.9 %

IFC stock opened at C$266.23 on Friday. The company has a market cap of C$47.48 billion, a price-to-earnings ratio of 23.44, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57. The company has a fifty day moving average price of C$260.44 and a 200 day moving average price of C$243.63. The company has a debt-to-equity ratio of 31.26, a current ratio of 0.36 and a quick ratio of 0.28. Intact Financial has a 12 month low of C$197.82 and a 12 month high of C$273.05.

Insiders Place Their Bets

In related news, Senior Officer Darren Christopher Godfrey sold 2,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of C$255.00, for a total value of C$510,000.00. Insiders own 0.24% of the company’s stock.

Intact Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Monday, December 16th. Intact Financial’s dividend payout ratio (DPR) is currently 42.61%.

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.