Intact Financial Co. (TSE:IFC - Free Report) - Desjardins issued their FY2024 earnings per share (EPS) estimates for shares of Intact Financial in a report released on Wednesday, November 6th. Desjardins analyst D. Young anticipates that the company will post earnings per share of $13.50 for the year. Desjardins has a "Buy" rating and a $255.00 price objective on the stock. The consensus estimate for Intact Financial's current full-year earnings is $16.17 per share. Desjardins also issued estimates for Intact Financial's Q4 2024 earnings at $3.99 EPS.
IFC has been the subject of several other research reports. Cormark raised their target price on Intact Financial from C$250.00 to C$260.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. National Bankshares lifted their price target on Intact Financial from C$294.00 to C$296.00 in a research report on Wednesday, November 6th. Raymond James lifted their price target on Intact Financial from C$264.00 to C$290.00 in a research report on Wednesday, November 6th. CIBC lifted their price target on 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. Finally, BMO Capital Markets lifted their price target on Intact Financial from C$275.00 to C$290.00 in a research report on Thursday. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Intact Financial presently has a consensus rating of "Moderate Buy" and a consensus price target of C$274.90.
Check Out Our Latest Analysis on IFC
Intact Financial Price Performance
TSE IFC traded up C$2.11 during trading hours on Monday, hitting C$268.34. The company had a trading volume of 40,983 shares, compared to its average volume of 285,737. Intact Financial has a 52 week low of C$197.82 and a 52 week high of C$273.05. The firm has a 50 day simple moving average of C$260.44 and a 200 day simple moving average of C$243.94. 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 firm has a market capitalization of C$47.86 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 2.01 and a beta of 0.57.
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 issued a dividend of $1.21 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.80%. Intact Financial's dividend payout ratio is 42.61%.
Insider Activity at Intact Financial
In related news, Senior Officer Kenneth Anderson sold 2,000 shares of the firm's stock in a transaction dated Friday, September 20th. The stock was sold at an average price of C$253.88, for a total transaction of C$507,759.00. In other Intact Financial news, Senior Officer Kenneth Anderson sold 2,000 shares of Intact Financial stock in a transaction that occurred 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. Also, Senior Officer Marie-Lucie Paradis sold 565 shares of Intact Financial stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of C$266.23, for a total value of C$150,419.95. In the last three months, insiders have sold 4,565 shares of company stock valued at $1,168,179. Corporate insiders own 0.24% of the company's stock.
Intact Financial Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider Intact Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Intact Financial wasn't on the list.
While Intact Financial currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for November 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
