Desjardins Has Positive Forecast for TSE:IFC FY2025 Earnings

Intact Financial Co. (TSE:IFC - Free Report) - Stock analysts at Desjardins lifted their FY2025 EPS estimates for Intact Financial in a research note issued to investors on Wednesday, November 6th. Desjardins analyst D. Young now forecasts that the company will earn $16.15 per share for the year, up from their previous forecast of $16.00. Desjardins has a "Buy" rating and a $255.00 price target 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 FY2026 earnings at $17.20 EPS.

A number of other research analysts also recently commented on the company. Jefferies Financial Group reduced their target price on Intact Financial from C$264.00 to C$262.00 and set a "hold" rating on the stock in a report on Thursday, August 22nd. BMO Capital Markets raised their price objective on Intact Financial from C$275.00 to C$290.00 in a research note on Thursday. Raymond James boosted their target price on shares of Intact Financial from C$264.00 to C$290.00 in a research note on Wednesday. Scotiabank raised their price target on shares of Intact Financial from C$281.00 to C$283.00 in a research report on Thursday. Finally, CIBC boosted their price objective 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 investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Intact Financial currently has an average rating of "Moderate Buy" and an average price target of C$274.90.

Intact Financial Stock Up 0.0 %

Shares of IFC stock traded up C$0.03 during trading hours on Friday, hitting C$264.00. 76,994 shares of the company were exchanged, compared to its average volume of 286,185. The stock has a market capitalization of C$47.09 billion, a price-to-earnings ratio of 23.24, a P/E/G ratio of 2.01 and a beta of 0.57. Intact Financial has a one year low of C$197.82 and a one year high of C$273.05. The business's 50-day simple moving average is C$259.90 and its two-hundred day simple moving average is C$243.33. 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 Announces Dividend

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

Insider Buying and Selling at Intact Financial

In other news, Senior Officer Darren Christopher Godfrey sold 2,000 shares of the firm's stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$255.00, for a total transaction of C$510,000.00. 0.24% of the stock is owned by company insiders.

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.