Desjardins Has Negative Outlook of TSE:IFC FY2025 Earnings

Intact Financial Co. (TSE:IFC - Free Report) - Equities research analysts at Desjardins reduced their FY2025 earnings per share estimates for shares of Intact Financial in a report issued on Wednesday, April 23rd. Desjardins analyst D. Young now expects that the company will earn $16.35 per share for the year, down from their previous estimate of $16.55. Desjardins currently has a "Buy" rating and a $320.00 target price on the stock. The consensus estimate for Intact Financial's current full-year earnings is $16.17 per share.

Other research analysts have also issued reports about the stock. CIBC lifted their price objective on shares of Intact Financial from C$290.00 to C$300.00 in a research note on Friday, April 25th. National Bankshares lifted their price target on Intact Financial from C$299.00 to C$305.00 and gave the company an "outperform" rating in a research report on Wednesday. Jefferies Financial Group increased their price objective on Intact Financial from C$201.00 to C$289.00 in a report on Monday, April 21st. Scotiabank raised their target price on Intact Financial from C$295.00 to C$298.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Finally, BMO Capital Markets upped their price target on Intact Financial from C$290.00 to C$315.00 in a research report on Thursday, February 13th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Intact Financial presently has an average rating of "Moderate Buy" and a consensus price target of C$295.09.

Intact Financial Price Performance

TSE:IFC traded down C$1.38 on Monday, reaching C$302.87. 32,831 shares of the company's stock were exchanged, compared to its average volume of 296,996. The stock has a fifty day simple moving average of C$287.74 and a 200-day simple moving average of C$273.79. Intact Financial has a 52 week low of C$218.58 and a 52 week high of C$307.10. The firm has a market cap of C$53.88 billion, a price-to-earnings ratio of 23.45, a P/E/G ratio of 2.01 and a beta of 0.57.

Insider Transactions at Intact Financial

In other news, Senior Officer Benoit Morissette sold 6,000 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of C$287.12, for a total value of C$1,722,738.00. Company insiders own 0.24% of the company's stock.

Intact Financial Company Profile

Intact Financial Corp is a property and casualty insurance company that provides written premiums in Canada. The company distributes insurance under the Intact Insurance brand through a network of brokers and a wholly-owned subsidiary, BrokerLink, and directly to consumers through Belairdirect. Most of the company's direct premiums are written in the personal automotive space.