FY2024 Earnings Estimate for TSE:IFC Issued By Raymond James

Intact Financial Co. (TSE:IFC) – Equities research analysts at Raymond James dropped their FY2024 earnings per share estimates for Intact Financial in a research report issued on Tuesday, January 28th. Raymond James analyst S. Boland now anticipates that the company will earn $13.54 per share for the year, down from their prior forecast of $14.31. 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 Q4 2024 earnings at $4.25 EPS, Q1 2025 earnings at $4.02 EPS, Q2 2025 earnings at $4.36 EPS, Q3 2025 earnings at $4.15 EPS, Q4 2025 earnings at $4.26 EPS and FY2025 earnings at $16.79 EPS.

Several other brokerages have also recently issued reports on IFC. Scotiabank upped their price objective on Intact Financial from C$281.00 to C$283.00 in a report on Thursday, November 7th. TD Securities upped their price target on shares of Intact Financial from C$293.00 to C$300.00 in a research note on Wednesday, November 6th. BMO Capital Markets lifted their price objective on shares of Intact Financial from C$275.00 to C$290.00 in a research note on Thursday, November 7th. Cibc World Mkts downgraded shares of Intact Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Finally, 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. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$274.90.

Intact Financial Stock Performance

IFC opened at C$257.74 on Friday. The firm has a market cap of C$45.97 billion, a P/E ratio of 22.69, a PEG ratio of 2.01 and a beta of 0.57. The company has a debt-to-equity ratio of 31.26, a current ratio of 0.36 and a quick ratio of 0.28. The company has a 50 day simple moving average of C$262.24 and a two-hundred day simple moving average of C$258.15. Intact Financial has a 1-year low of C$206.57 and a 1-year high of C$275.84.

Intact Financial (TSE:IFC) last announced its earnings results on Tuesday, November 5th. The company reported C$1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.29 by C$0.72. Intact Financial had a net margin of 7.14% and a return on equity of 12.93%. During the same quarter last year, the business earned $2.10 earnings per share.

Insider Buying and Selling at Intact Financial

In other Intact Financial news, Senior Officer Frédéric Cotnoir sold 450 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of C$266.73, for a total transaction of C$120,028.50. Also, Senior Officer Marie-Lucie Paradis sold 565 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of C$266.23, for a total value of C$150,419.95. Over the last three months, insiders have sold 8,865 shares of company stock valued at $2,385,573. 0.24% of the stock is owned by insiders.

Intact Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $1.21 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $4.84 dividend on an annualized basis and a yield of 1.88%. Intact Financial’s dividend payout ratio is presently 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.