Q3 2024 EPS Estimates for Intact Financial Co. (TSE:IFC) Lowered by Analyst

Intact Financial Co. (TSE:IFC) – Stock analysts at National Bank Financial dropped their Q3 2024 EPS estimates for shares of Intact Financial in a note issued to investors on Wednesday, July 31st. National Bank Financial analyst J. Gloyn now expects that the company will post earnings of $2.47 per share for the quarter, down from their previous estimate of $3.39. The consensus estimate for Intact Financial’s current full-year earnings is $14.67 per share. National Bank Financial also issued estimates for Intact Financial’s Q4 2024 earnings at $4.11 EPS.

Intact Financial (TSE:IFC) last released its quarterly earnings results on Tuesday, May 7th. The company reported C$3.63 earnings per share for the quarter, topping analysts’ consensus estimates of C$3.43 by C$0.20. The firm had revenue of C$7.06 billion during the quarter, compared to analysts’ expectations of C$8.33 billion. Intact Financial had a return on equity of 10.00% and a net margin of 5.55%.

Several other equities research analysts also recently issued reports on IFC. National Bankshares lifted their price target on shares of Intact Financial from C$260.00 to C$265.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. CIBC lifted their target price on 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. Desjardins increased their price target on Intact Financial from C$250.00 to C$255.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Raymond James raised their price objective on Intact Financial from C$261.00 to C$269.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, TD Securities upped their target price on Intact Financial from C$270.00 to C$282.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$260.18.

Intact Financial Trading Up 0.8 %

IFC opened at C$248.77 on Monday. The firm has a market capitalization of C$44.36 billion, a P/E ratio of 28.84, a P/E/G ratio of 2.01 and a beta of 0.53. The firm’s 50 day moving average is C$232.63 and its 200-day moving average is C$225.71. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 32.83. Intact Financial has a 52-week low of C$188.22 and a 52-week high of C$263.74.

Intact Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be paid a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a yield of 1.95%. The ex-dividend date is Friday, September 13th. Intact Financial’s dividend payout ratio (DPR) is presently 56.21%.

Insiders Place Their Bets

In other Intact Financial news, Senior Officer Frédéric Cotnoir sold 2,200 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of C$228.12, for a total transaction of C$501,861.80. In other news, Senior Officer Frédéric Cotnoir sold 2,200 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of C$228.12, for a total transaction of C$501,861.80. Also, Senior Officer Louis Gagnon sold 10,000 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of C$229.56, for a total value of C$2,295,607.00. Insiders sold a total of 32,500 shares of company stock valued at $7,377,706 over the last 90 days. 0.23% of the stock is owned by company 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.