Desjardins Reduces Earnings Estimates for Intact Financial

Intact Financial Co. (TSE:IFC - Free Report) - Investment analysts at Desjardins cut their Q1 2025 earnings per share estimates for shares of Intact Financial in a report issued on Wednesday, April 23rd. Desjardins analyst D. Young now forecasts that the company will post earnings of $3.60 per share for the quarter, down from their prior estimate of $3.78. Desjardins has a "Buy" rating and a $320.00 price objective on the stock. The consensus estimate for Intact Financial's current full-year earnings is $16.17 per share.

A number of other equities research analysts have also weighed in on the company. UBS Group lifted their price objective on Intact Financial from C$275.00 to C$290.00 in a report on Tuesday, February 18th. Cibc World Mkts lowered Intact Financial from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 29th. Raymond James boosted their price target on Intact Financial from C$290.00 to C$302.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. BMO Capital Markets boosted their price target on Intact Financial from C$290.00 to C$315.00 in a research note on Thursday, February 13th. Finally, Scotiabank boosted their price target on Intact Financial from C$295.00 to C$298.00 and gave the stock an "outperform" rating in a research note on Thursday. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of C$294.27.

Intact Financial Stock Performance

IFC traded up C$1.37 during trading on Friday, reaching C$298.28. The company's stock had a trading volume of 179,389 shares, compared to its average volume of 298,249. Intact Financial has a 52-week low of C$218.58 and a 52-week high of C$300.56. The company's fifty day moving average price is C$285.78 and its 200-day moving average price is C$272.79. The company has a market capitalization of C$53.06 billion, a price-to-earnings ratio of 23.10, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57.

Insider Buying and Selling

In other Intact Financial news, Senior Officer Benoit Morissette sold 6,000 shares of the business's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of C$287.12, for a total value of C$1,722,738.00. Insiders own 0.24% of the company's stock.

About Intact Financial

Intact Financial Corp is a property and casualty insurance company that provides written premiums in Canada. The company distributes insurance under the Intact Insurance brand through a network of brokers and a wholly-owned subsidiary, BrokerLink, and directly to consumers through Belairdirect. Most of the company's direct premiums are written in the personal automotive space.