Q4 Earnings Forecast for Intact Financial Issued By Cormark

Intact Financial Co. (TSE:IFC - Free Report) - Cormark issued their Q4 2024 EPS estimates for shares of Intact Financial in a note issued to investors on Thursday, February 6th. Cormark analyst L. Persaud expects that the company will earn $4.48 per share for the quarter. The consensus estimate for Intact Financial's current full-year earnings is $16.17 per share. Cormark also issued estimates for Intact Financial's FY2025 earnings at $16.37 EPS.

Several other research analysts have also recently weighed in on the stock. Cibc World Mkts cut shares of Intact Financial from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 29th. BMO Capital Markets increased their price target on shares of Intact Financial from C$290.00 to C$315.00 in a report on Thursday. Scotiabank increased their price target on shares of Intact Financial from C$281.00 to C$283.00 in a report on Thursday, November 7th. National Bankshares increased their price target on shares of Intact Financial from C$294.00 to C$296.00 in a report on Wednesday, November 6th. Finally, Raymond James increased their target price on shares of Intact Financial from C$290.00 to C$302.00 and gave the stock an "outperform" rating in a research report on Thursday. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of C$292.90.

Intact Financial Stock Down 1.1 %

Shares of IFC stock traded down C$3.16 on Monday, reaching C$287.10. The stock had a trading volume of 282,430 shares, compared to its average volume of 243,304. The firm's 50-day moving average is C$262.47 and its two-hundred day moving average is C$260.27. The firm has a market capitalization of C$51.07 billion, a price-to-earnings ratio of 22.23, a P/E/G ratio of 2.01 and a beta of 0.57. Intact Financial has a 12 month low of C$213.11 and a 12 month high of C$294.35.

Insider Activity at Intact Financial

In other news, Senior Officer Charles Brindamour sold 6,000 shares of the firm's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of C$268.50, for a total transaction of C$1,611,000.00. Also, Senior Officer Frédéric Cotnoir sold 450 shares of the firm's stock in a transaction on Friday, November 29th. The shares were sold at an average price of C$266.73, for a total transaction of C$120,028.50. Insiders sold a total of 14,300 shares of company stock valued at $3,957,892 in the last quarter. Insiders own 0.24% of the company's stock.

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.