Desjardins Forecasts Stronger Earnings for Intact Financial

Intact Financial Co. (TSE:IFC - Free Report) - Desjardins boosted their FY2024 earnings estimates for shares of Intact Financial in a report released on Monday, February 3rd. Desjardins analyst D. Young now expects that the company will earn $13.66 per share for the year, up from their prior estimate of $13.50. 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 $4.15 EPS, FY2025 earnings at $16.25 EPS and FY2026 earnings at $17.30 EPS.

Intact Financial (TSE:IFC - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The company reported C$1.01 earnings per share for the quarter, beating the consensus estimate of C$0.29 by C$0.72. Intact Financial had a return on equity of 12.93% and a net margin of 7.14%. During the same quarter in the prior year, the firm earned $2.10 earnings per share.

A number of other analysts have also recently commented on IFC. Scotiabank upped their price objective on Intact Financial from C$281.00 to C$283.00 in a research report on Thursday, November 7th. Cibc World Mkts downgraded shares of Intact Financial from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 29th. TD Securities raised their target price on Intact Financial from C$293.00 to C$300.00 in a report on Wednesday, November 6th. Raymond James lifted their target price on Intact Financial from C$264.00 to C$290.00 in a research report on Wednesday, November 6th. Finally, National Bankshares upped their price target on Intact Financial from C$294.00 to C$296.00 in a research report on Wednesday, November 6th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of C$274.90.

Intact Financial Trading Down 0.3 %

Shares of TSE:IFC opened at C$261.57 on Wednesday. Intact Financial has a 1 year low of C$206.57 and a 1 year high of C$275.84. The stock's fifty day moving average price is C$261.47 and its 200-day moving average price is C$258.59. The company has a market cap of C$46.65 billion, a P/E ratio of 23.03, a PEG ratio of 2.01 and a beta of 0.57. The company has a debt-to-equity ratio of 31.26, a current ratio of 0.36 and a quick ratio of 0.28.

Insider Activity

In other news, Senior Officer Charles Brindamour sold 6,000 shares of Intact Financial stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of C$268.50, for a total value of C$1,611,000.00. Also, Senior Officer Darren Christopher Godfrey sold 1,850 shares of the business's stock in a transaction on Friday, December 6th. The stock was sold at an average price of C$272.50, for a total value of C$504,125.00. Insiders sold 8,865 shares of company stock worth $2,385,573 over the last three months. 0.24% of the stock is currently owned by corporate 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.

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