Q4 EPS Estimate for Intact Financial Raised by Analyst

Intact Financial Co. (TSE:IFC - Free Report) - Investment analysts at National Bank Financial increased their Q4 2024 EPS estimates for shares of Intact Financial in a report issued on Tuesday, November 5th. National Bank Financial analyst J. Gloyn now anticipates that the company will earn $4.16 per share for the quarter, up from their previous forecast of $4.11. 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 FY2025 earnings at $15.44 EPS.

Several other equities analysts have also weighed in on the company. Scotiabank lifted their price objective on Intact Financial from C$281.00 to C$283.00 in a research note on Thursday. Raymond James lifted their price target on shares of Intact Financial from C$264.00 to C$290.00 in a research report on Wednesday. TD Securities increased their price objective on shares of Intact Financial from C$293.00 to C$300.00 in a research report on Wednesday. Jefferies Financial Group cut their target price on shares of Intact Financial from C$264.00 to C$262.00 and set a "hold" rating on the stock in a research note on Thursday, August 22nd. Finally, BMO Capital Markets upped their price target on shares of Intact Financial from C$275.00 to C$290.00 in a research report on Thursday. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Intact Financial has a consensus rating of "Moderate Buy" and an average price target of C$274.90.

Intact Financial Trading Down 0.4 %

Shares of IFC traded down C$1.05 during trading hours on Thursday, hitting C$263.97. The stock had a trading volume of 234,770 shares, compared to its average volume of 287,153. The company's fifty day simple moving average is C$259.90 and its 200 day simple moving average is 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 quick ratio of 0.28 and a current ratio of 0.36. The firm has a market cap of C$47.08 billion, a P/E ratio of 23.24, a P/E/G ratio of 2.01 and a beta of 0.57.

Insiders Place Their Bets

In related news, Senior Officer Kenneth Anderson sold 2,000 shares of the stock in a transaction dated Friday, September 20th. The stock was 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 company insiders.

Intact Financial Announces Dividend

The company also recently declared 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. This represents a $4.84 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Monday, December 16th. Intact Financial's dividend payout ratio (DPR) is 42.61%.

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.