Cormark Increases Earnings Estimates for Intact Financial

Intact Financial Co. (TSE:IFC) – Research analysts at Cormark lifted their FY2024 EPS estimates for shares of Intact Financial in a report issued on Thursday, February 6th. Cormark analyst L. Persaud now forecasts that the company will earn $13.98 per share for the year, up from their prior estimate of $13.70. The consensus estimate for Intact Financial’s current full-year earnings is $16.17 per share. Cormark also issued estimates for Intact Financial’s FY2026 earnings at $17.73 EPS.

A number of other analysts have also issued reports on IFC. Cibc World Mkts lowered shares of Intact Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Raymond James boosted their price objective on shares of Intact Financial from C$264.00 to C$290.00 in a report on Wednesday, November 6th. National Bankshares raised their target price on Intact Financial from C$294.00 to C$296.00 in a research note on Wednesday, November 6th. BMO Capital Markets lifted their target price on Intact Financial from C$275.00 to C$290.00 in a research report on Thursday, November 7th. Finally, Scotiabank increased their price target on Intact Financial from C$281.00 to C$283.00 in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Intact Financial presently has an average rating of “Moderate Buy” and a consensus target price of C$274.90.

Intact Financial Stock Up 1.7 %

Shares of Intact Financial stock opened at C$275.05 on Friday. The company has a fifty day moving average price of C$261.40 and a 200 day moving average price of C$258.96. The company has a current ratio of 0.36, a quick ratio of 0.28 and a debt-to-equity ratio of 31.26. Intact Financial has a twelve month low of C$206.57 and a twelve month high of C$276.52. The stock has a market cap of C$49.06 billion, a price-to-earnings ratio of 24.21, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57.

Intact Financial (TSE:IFC) last issued its earnings results on Tuesday, November 5th. The company reported C$1.01 EPS for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the firm posted $2.10 EPS.

Insider Buying and Selling at Intact Financial

In other news, Senior Officer Darren Christopher Godfrey sold 1,850 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of C$272.50, for a total transaction of C$504,125.00. Also, Senior Officer Marie-Lucie Paradis sold 565 shares of Intact Financial stock in a transaction dated Monday, November 11th. The shares were sold at an average price of C$266.23, for a total transaction of C$150,419.95. Insiders sold a total of 8,865 shares of company stock worth $2,385,573 over the last ninety days. Company insiders own 0.24% of the company’s stock.

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.