What is Raymond James' Estimate for TSE:IFC FY2024 Earnings?

Intact Financial Co. (TSE:IFC - Free Report) - Investment analysts at Raymond James lifted their FY2024 EPS estimates for shares of Intact Financial in a note issued to investors on Tuesday, November 5th. Raymond James analyst S. Boland now anticipates that the company will earn $14.31 per share for the year, up from their prior estimate of $13.56. 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 Q2 2025 earnings at $5.05 EPS, Q3 2025 earnings at $4.81 EPS and FY2025 earnings at $19.41 EPS.

A number of other brokerages have also weighed in on IFC. BMO Capital Markets raised their target price on shares of Intact Financial from C$275.00 to C$290.00 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 stock an "outperform" rating in a research report on Thursday, August 1st. TD Securities lifted their price objective on shares of Intact Financial from C$293.00 to C$300.00 in a research note on Wednesday. Jefferies Financial Group dropped their price target on shares of Intact Financial from C$264.00 to C$262.00 and set a "hold" rating on the stock in a research report on Thursday, August 22nd. Finally, Scotiabank lifted their target price on Intact Financial from C$281.00 to C$283.00 in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of C$274.90.

Intact Financial Price Performance

Intact Financial stock traded up C$2.26 during trading hours on Friday, reaching C$266.23. 218,520 shares of the stock were exchanged, compared to its average volume of 286,837. 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 company has a market cap of C$47.48 billion, a P/E ratio of 23.24, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57. The stock has a 50 day moving average of C$259.90 and a two-hundred day moving average of C$243.33. Intact Financial has a twelve month low of C$197.82 and a twelve month high of C$273.05.

Intact Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Monday, December 16th. Intact Financial's payout ratio is 42.61%.

Insider Buying and Selling

In related news, Senior Officer Kenneth Anderson sold 2,000 shares of the business's stock in a transaction that occurred on 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 insiders.

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.