National Bank Financial Comments on TSE:IFC FY2024 Earnings

Intact Financial Co. (TSE:IFC - Free Report) - Research analysts at National Bank Financial increased their FY2024 earnings per share (EPS) estimates for Intact Financial in a research report issued on Tuesday, November 5th. National Bank Financial analyst J. Gloyn now expects that the company will post earnings per share of $13.66 for the year, up from their prior forecast of $12.54. 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 FY2026 earnings at $16.21 EPS.

IFC has been the topic of several other reports. Desjardins raised their price objective on Intact Financial from C$250.00 to C$255.00 and gave the stock a "buy" rating in a report on Tuesday, July 23rd. BMO Capital Markets upped their price objective on shares of Intact Financial from C$275.00 to C$290.00 in a research note on Thursday. Scotiabank raised their target price on shares of Intact Financial from C$281.00 to C$283.00 in a research report on Thursday. CIBC increased 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 note on Thursday, August 1st. Finally, TD Securities boosted their price objective on shares of Intact Financial from C$293.00 to C$300.00 in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$274.90.

Intact Financial Trading Up 0.9 %

IFC stock traded up C$2.26 during mid-day trading on Friday, reaching C$266.23. The company had a trading volume of 218,520 shares, compared to its average volume of 286,837. The company has a market capitalization of C$47.48 billion, a PE ratio of 23.24, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57. The firm has a 50 day moving average of C$259.90 and a 200 day moving average of C$243.33. Intact Financial has a 12 month low of C$197.82 and a 12 month high of C$273.05. 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 at Intact Financial

In related news, Senior Officer Kenneth Anderson sold 2,000 shares of Intact Financial stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of C$253.88, for a total value of C$507,759.00. 0.24% of the stock is currently owned by corporate insiders.

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 paid a dividend of $1.21 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $4.84 annualized dividend and a yield of 1.82%. Intact Financial's dividend payout ratio (DPR) is 42.61%.

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.