FY2024 EPS Estimates for TSE:IFC Increased by Analyst

Intact Financial Co. (TSE:IFC) – Equities research analysts at National Bank Financial boosted their FY2024 earnings estimates for shares of Intact Financial in a report issued on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now anticipates that the company will earn $13.80 per share for the year, up from their previous estimate of $13.66. 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 Q4 2024 earnings at $4.31 EPS and FY2026 earnings at $16.40 EPS.

Several other brokerages also recently weighed in on IFC. National Bankshares upped their target price on shares of Intact Financial from C$294.00 to C$296.00 in a report on Wednesday, November 6th. Raymond James increased their price objective on shares of Intact Financial from C$264.00 to C$290.00 in a research report on Wednesday, November 6th. Cibc World Mkts downgraded shares of Intact Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 29th. BMO Capital Markets upped their target price on shares of Intact Financial from C$275.00 to C$290.00 in a research note on Thursday, November 7th. Finally, TD Securities upped 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 research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Intact Financial presently has a consensus rating of “Moderate Buy” and an average target price of C$274.90.

Intact Financial Trading Up 1.6 %

Shares of Intact Financial stock opened at C$262.40 on Tuesday. The company has a market capitalization of C$46.80 billion, a P/E ratio of 23.10, a P/E/G ratio of 2.01 and a beta of 0.57. 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 has a fifty day moving average of C$261.66 and a 200 day moving average of C$258.43. Intact Financial has a fifty-two week low of C$206.57 and a fifty-two week high of C$275.84.

Intact Financial (TSE:IFC) last issued its earnings results on Tuesday, November 5th. The company reported C$1.01 earnings per share for the quarter, topping 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 prior year, the company posted $2.10 earnings per share.

Insider Activity

In related news, Senior Officer Frédéric Cotnoir sold 450 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of C$266.73, for a total value of C$120,028.50. Also, Senior Officer Marie-Lucie Paradis sold 565 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of C$266.23, for a total transaction of C$150,419.95. In the last three months, insiders have sold 8,865 shares of company stock valued at $2,385,573. Company insiders own 0.24% of the company’s stock.

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.