National Bank Financial Comments on TSE:IFC FY2024 Earnings

Intact Financial Co. (TSE:IFC) – Research analysts at National Bank Financial increased their FY2024 EPS estimates for shares of Intact Financial in a report issued on Tuesday, November 5th. National Bank Financial analyst J. Gloyn now expects that the company will post earnings per share of $13.66 for the year, up from their prior estimate of $12.54. 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 FY2026 earnings at $16.21 EPS.

Other equities research analysts also recently issued reports about the stock. CIBC lifted their price target on shares of Intact Financial from C$250.00 to C$270.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. BMO Capital Markets lifted their price target on shares of Intact Financial from C$275.00 to C$290.00 in a research report on Thursday. TD Securities lifted their price target on shares of Intact Financial from C$293.00 to C$300.00 in a research report on Wednesday. Cormark lifted their price target on shares of Intact Financial from C$250.00 to C$260.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, National Bankshares lifted their price objective on Intact Financial from C$294.00 to C$296.00 in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$274.90.

Intact Financial Price Performance

IFC stock opened at C$263.97 on Friday. The firm has a 50 day moving average of C$259.90 and a 200-day moving average of 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 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$47.08 billion, a price-to-earnings ratio of 23.24, a PEG ratio of 2.01 and a beta of 0.57.

Insider Buying and Selling at Intact Financial

In other Intact Financial news, Senior Officer Darren Christopher Godfrey sold 2,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$255.00, for a total value of C$510,000.00. 0.24% of the stock is currently owned by insiders.

Intact Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $1.21 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $4.84 annualized dividend and a yield of 1.83%. Intact Financial’s dividend payout ratio (DPR) is presently 42.61%.

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.