FY2025 EPS Estimates for Intact Financial Reduced by Cormark

Intact Financial Co. (TSE:IFC - Free Report) - Equities researchers at Cormark decreased their FY2025 earnings per share (EPS) estimates for Intact Financial in a note issued to investors on Wednesday, November 6th. Cormark analyst L. Persaud now forecasts that the company will earn $15.88 per share for the year, down from their prior estimate of $16.20. Cormark has a "Buy" rating and a $260.00 price target on the stock. The consensus estimate for Intact Financial's current full-year earnings is $16.17 per share.

Several other brokerages have also issued reports on IFC. Raymond James boosted their price objective on shares of Intact Financial from C$264.00 to C$290.00 in a report on Wednesday. Desjardins boosted their price target on shares of Intact Financial from C$250.00 to C$255.00 and gave the company a "buy" rating in a research note on Tuesday, July 23rd. Jefferies Financial Group lowered their price objective 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. BMO Capital Markets boosted their target price on Intact Financial from C$275.00 to C$290.00 in a research report on Thursday. Finally, Scotiabank raised their price target on Intact Financial from C$281.00 to C$283.00 in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Intact Financial currently has an average rating of "Moderate Buy" and a consensus price target of C$274.90.

Intact Financial Trading Down 0.4 %

Shares of Intact Financial stock traded down C$1.05 during trading hours on Thursday, hitting C$263.97. The company's stock had a trading volume of 234,770 shares, compared to its average volume of 287,153. The stock has a market cap of C$47.08 billion, a price-to-earnings ratio of 23.24, 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. Intact Financial has a twelve month low of C$197.82 and a twelve month high of C$273.05. The firm has a fifty day moving average of C$259.90 and a 200-day moving average of C$243.33.

Intact Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $1.21 dividend. The ex-dividend date is Monday, December 16th. This represents a $4.84 annualized dividend and a yield of 1.83%. Intact Financial's dividend payout ratio (DPR) is 42.61%.

Insider Buying and Selling

In other Intact Financial news, Senior Officer Darren Christopher Godfrey sold 2,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of C$255.00, for a total value of C$510,000.00. 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.