Cormark Has Negative Forecast for TSE:IFC FY2025 Earnings

Intact Financial Co. (TSE:IFC) – Research analysts at Cormark reduced their FY2025 EPS estimates for Intact Financial in a report issued on Wednesday, November 6th. Cormark analyst L. Persaud now anticipates that the company will earn $15.88 per share for the year, down from their prior estimate of $16.20. Cormark currently has a “Buy” rating and a $260.00 target price on the stock. The consensus estimate for Intact Financial’s current full-year earnings is $16.17 per share.

Other research analysts also recently issued research reports about the company. Raymond James upped their price objective on Intact Financial from C$264.00 to C$290.00 in a research note on Wednesday. BMO Capital Markets upped their price objective on Intact Financial from C$250.00 to C$275.00 in a research note on Thursday, August 1st. Scotiabank decreased their target price on shares of Intact Financial from C$272.00 to C$263.00 and set an “outperform” rating for the company in a research report on Thursday, August 22nd. Jefferies Financial Group decreased their target price on shares of Intact Financial from C$264.00 to C$262.00 and set a “hold” rating for the company in a research report on Thursday, August 22nd. Finally, CIBC increased their target price on shares of Intact Financial from C$250.00 to C$270.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$271.40.

Intact Financial Stock Down 2.5 %

IFC stock opened at C$265.02 on Thursday. The firm has a 50-day moving average price of C$259.90 and a 200-day moving average price of C$243.33. Intact Financial has a 12 month low of C$196.27 and a 12 month high of C$273.05. The company has a current ratio of 0.36, a quick ratio of 0.28 and a debt-to-equity ratio of 31.26. The stock has a market capitalization of C$47.27 billion, a P/E ratio of 23.33, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57.

Insiders Place Their Bets

In related news, Senior Officer Kenneth Anderson sold 2,000 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$253.88, for a total value of C$507,759.00. Company insiders own 0.24% of the company’s stock.

Intact Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Monday, December 16th. Intact Financial’s 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.