Brokers Offer Predictions for TSE:IFC FY2024 Earnings

Intact Financial Co. (TSE:IFC) – Desjardins issued their FY2024 earnings per share (EPS) estimates for Intact Financial in a research note issued on Wednesday, November 6th. Desjardins analyst D. Young anticipates that the company will earn $13.50 per share for the year. Desjardins has a “Buy” rating and a $255.00 price objective on the stock. The consensus estimate for Intact Financial’s current full-year earnings is $16.17 per share. Desjardins also issued estimates for Intact Financial’s Q4 2024 earnings at $3.99 EPS.

A number of other brokerages also recently commented on IFC. Scotiabank boosted their target price on shares of Intact Financial from C$281.00 to C$283.00 in a report on Thursday, November 7th. Cormark upped their target price on 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. National Bankshares boosted their price target on Intact Financial from C$294.00 to C$296.00 in a research note on Wednesday, November 6th. BMO Capital Markets increased their price objective on shares of Intact Financial from C$275.00 to C$290.00 in a research report on Thursday, November 7th. Finally, TD Securities boosted their target price on shares of Intact Financial from C$293.00 to C$300.00 in a research report on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$274.90.

Intact Financial Trading Up 0.0 %

IFC opened at C$268.06 on Monday. 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 firm has a market cap of C$47.81 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 2.01 and a beta of 0.57. Intact Financial has a 12 month low of C$197.82 and a 12 month high of C$273.05. The stock has a fifty day moving average price of C$260.73 and a 200-day moving average price of C$244.27.

Intact Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $1.21 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.81%. Intact Financial’s dividend payout ratio is currently 42.61%.

Insider Activity

In related news, Senior Officer Marie-Lucie Paradis sold 565 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of C$266.23, for a total value of C$150,419.95. In other Intact Financial news, Senior Officer Marie-Lucie Paradis sold 565 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of C$266.23, for a total value of C$150,419.95. Also, Senior Officer Darren Christopher Godfrey sold 2,000 shares of Intact Financial stock in a transaction dated Monday, September 16th. The shares were sold at an average price of C$255.00, for a total transaction of C$510,000.00. In the last 90 days, insiders have sold 4,565 shares of company stock valued at $1,168,179. 0.24% of the stock is currently 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.