Desjardins Increases Earnings Estimates for Intact Financial

Intact Financial Co. (TSE:IFC - Free Report) - Desjardins lifted their FY2024 EPS estimates for shares of Intact Financial in a report released on Monday, February 3rd. Desjardins analyst D. Young now forecasts that the company will earn $13.66 per share for the year, up from their previous forecast 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.

Several other research analysts have also commented on IFC. BMO Capital Markets lifted their price target on Intact Financial from C$275.00 to C$290.00 in a research report on Thursday, November 7th. TD Securities boosted their target price on Intact Financial from C$293.00 to C$300.00 in a research report on Wednesday, November 6th. Cibc World Mkts downgraded Intact Financial from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 29th. Raymond James raised their price target on Intact Financial from C$264.00 to C$290.00 in a research report on Wednesday, November 6th. Finally, National Bankshares increased their target price on shares of Intact Financial from C$294.00 to C$296.00 in a research note on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Intact Financial currently has a consensus rating of "Moderate Buy" and an average target price of C$274.90.

Intact Financial Price Performance

Shares of TSE:IFC traded up C$1.68 on Wednesday, reaching C$276.73. The company's stock had a trading volume of 402,890 shares, compared to its average volume of 241,487. The company has a 50-day simple moving average of C$261.77 and a 200 day simple moving average of C$259.35. Intact Financial has a 52-week low of C$206.57 and a 52-week high of C$280.50. 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 company has a market cap of C$49.36 billion, a P/E ratio of 24.36, a PEG ratio of 2.01 and a beta of 0.57.

Insider Transactions at Intact Financial

In other Intact Financial news, Senior Officer Darren Christopher Godfrey sold 1,850 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of C$272.50, for a total transaction of C$504,125.00. Also, Senior Officer Marie-Lucie Paradis sold 565 shares of the business's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of C$266.23, for a total transaction of C$150,419.95. Over the last three months, insiders have sold 8,865 shares of company stock valued at $2,385,573. 0.24% of the stock is currently owned by company 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.