Cormark Expects Increased Earnings for Intact Financial

Intact Financial Co. (TSE:IFC) – Equities research analysts at Cormark raised their FY2024 earnings per share estimates for shares of Intact Financial in a research report issued on Thursday, February 6th. Cormark analyst L. Persaud now anticipates that the company will earn $13.98 per share for the year, up from their previous estimate of $13.70. The consensus estimate for Intact Financial’s current full-year earnings is $16.17 per share. Cormark also issued estimates for Intact Financial’s FY2026 earnings at $17.73 EPS.

IFC has been the subject of a number of other reports. National Bankshares upped their target price on Intact Financial from C$294.00 to C$296.00 in a research report on Wednesday, November 6th. TD Securities increased their price objective on Intact Financial from C$293.00 to C$300.00 in a report on Wednesday, November 6th. BMO Capital Markets raised their target price on shares of Intact Financial from C$275.00 to C$290.00 in a research report on Thursday, November 7th. Scotiabank upped their price target on shares of Intact Financial from C$281.00 to C$283.00 in a research report on Thursday, November 7th. Finally, Raymond James raised their price objective on shares of Intact Financial from C$264.00 to C$290.00 in a research report on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently 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$275.05 on Friday. The company has a fifty day moving average of C$261.40 and a two-hundred day moving average of C$258.96. The company has a market capitalization of C$49.06 billion, a PE ratio of 24.21, a P/E/G ratio of 2.01 and a beta of 0.57. Intact Financial has a 1 year low of C$206.57 and a 1 year high of C$276.52. 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 (TSE:IFC) last posted its earnings results on Tuesday, November 5th. The company reported C$1.01 EPS for the quarter, beating analysts’ consensus estimates 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 business posted $2.10 EPS.

Insider Buying and Selling

In related news, Senior Officer Marie-Lucie Paradis sold 565 shares of the 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. Also, Senior Officer Charles Brindamour sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of C$268.50, for a total transaction of C$1,611,000.00. Over the last ninety days, insiders sold 8,865 shares of company stock valued at $2,385,573. 0.24% of the stock is owned by insiders.

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.