FY2024 EPS Estimates for TSE:IFC Increased by Analyst

Intact Financial Co. (TSE:IFC - Free Report) - Stock analysts at National Bank Financial lifted their FY2024 earnings per share (EPS) estimates for shares of Intact Financial in a research report issued to clients and investors on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now forecasts that the company will post earnings of $13.80 per share for the year, up from their previous forecast of $13.66. The consensus estimate for Intact Financial's current full-year earnings is $16.17 per share. National Bank Financial also issued estimates for Intact Financial's Q4 2024 earnings at $4.31 EPS and FY2026 earnings at $16.40 EPS.

A number of other research firms also recently weighed in on IFC. BMO Capital Markets lifted their price target on shares of Intact Financial from C$275.00 to C$290.00 in a research report on Thursday, November 7th. Raymond James lifted their price objective on Intact Financial from C$264.00 to C$290.00 in a report on Wednesday, November 6th. Cibc World Mkts lowered Intact Financial from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 29th. Scotiabank boosted their price target on Intact Financial from C$281.00 to C$283.00 in a research note on Thursday, November 7th. Finally, TD Securities increased their price objective on shares of Intact Financial from C$293.00 to C$300.00 in a research note on Wednesday, November 6th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$274.90.

Intact Financial Stock Performance

TSE IFC traded up C$1.68 during trading on Tuesday, 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 firm has a 50 day moving average price of C$261.57 and a 200 day moving average price of C$259.22. Intact Financial has a 12 month low of C$206.57 and a 12 month high of C$280.50. The firm has a market capitalization of C$49.36 billion, a price-to-earnings ratio of 24.36, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57. The company has a current ratio of 0.36, a quick ratio of 0.28 and a debt-to-equity ratio of 31.26.

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

Insider Activity

In other news, Senior Officer Charles Brindamour sold 6,000 shares of the business's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of C$268.50, for a total transaction of C$1,611,000.00. Also, Senior Officer Marie-Lucie Paradis sold 565 shares of the company's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of C$266.23, for a total value of C$150,419.95. In the last three months, insiders have sold 8,865 shares of company stock worth $2,385,573. Corporate insiders own 0.24% of the company's stock.

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.