Raymond James Issues Positive Forecast for TSE:IFC Earnings

Intact Financial Co. (TSE:IFC - Free Report) - Analysts at Raymond James boosted their Q4 2024 earnings per share (EPS) estimates for shares of Intact Financial in a research note issued to investors on Tuesday, November 5th. Raymond James analyst S. Boland now expects that the company will post earnings per share of $4.64 for the quarter, up from their prior forecast of $4.49. The consensus estimate for Intact Financial's current full-year earnings is $16.17 per share. Raymond James also issued estimates for Intact Financial's Q1 2025 earnings at $4.57 EPS and Q4 2025 earnings at $4.97 EPS.

IFC has been the subject of a number of other reports. Desjardins boosted their price objective on Intact Financial from C$250.00 to C$255.00 and gave the stock a "buy" rating in a research report on Tuesday, July 23rd. 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. CIBC lifted their price objective on shares of Intact Financial from C$250.00 to C$270.00 and gave the stock an "outperform" rating in a research report on Thursday, August 1st. Cormark boosted their target price on shares of Intact Financial from C$250.00 to C$260.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Finally, Scotiabank raised their price target on Intact Financial from C$281.00 to C$283.00 in a research note 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 data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$274.90.

Intact Financial Stock Down 0.4 %

TSE:IFC traded down C$1.05 during midday trading on Thursday, reaching C$263.97. The company had a trading volume of 234,770 shares, compared to its average volume of 287,153. Intact Financial has a 12-month low of C$197.82 and a 12-month high of C$273.05. The firm has a market capitalization of C$47.08 billion, a price-to-earnings ratio of 23.24, a PEG 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. The stock's fifty day simple moving average is C$259.90 and its 200-day simple moving average is C$243.33.

Intact Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 dividend yield of 1.83%. The ex-dividend date is Monday, December 16th. Intact Financial's dividend payout ratio (DPR) is presently 42.61%.

Insider Buying and Selling

In other news, Senior Officer Darren Christopher Godfrey sold 2,000 shares of the business's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of C$255.00, for a total transaction of C$510,000.00. Corporate 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.