Intact Financial Co. (TSE:IFC - Free Report) - Investment analysts at Cormark issued their Q1 2024 earnings per share (EPS) estimates for Intact Financial in a report issued on Wednesday, May 1st. Cormark analyst L. Persaud forecasts that the company will post earnings per share of $3.59 for the quarter. The consensus estimate for Intact Financial's current full-year earnings is $14.47 per share. Cormark also issued estimates for Intact Financial's FY2025 earnings at $15.51 EPS.
Intact Financial (TSE:IFC - Get Free Report) last posted its earnings results on Tuesday, February 13th. The company reported C$3.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$3.44 by C$0.03. Intact Financial had a net margin of 4.59% and a return on equity of 8.16%. The company had revenue of C$6.53 billion during the quarter.
A number of other equities analysts have also weighed in on the stock. Desjardins upped their target price on shares of Intact Financial from C$235.00 to C$238.00 and gave the stock a "buy" rating in a research note on Tuesday, April 16th. CIBC increased their target price on shares of Intact Financial from C$225.00 to C$250.00 and gave the stock an "outperform" rating in a research report on Thursday, February 15th. Raymond James increased their price target on shares of Intact Financial from C$221.00 to C$247.00 in a research report on Wednesday, February 14th. TD Securities increased their price objective on shares of Intact Financial from C$225.00 to C$235.00 and gave the company a "buy" rating in a research note on Wednesday, February 14th. Finally, Royal Bank of Canada raised their price target on shares of Intact Financial from C$229.00 to C$236.00 and gave the company a "sector perform" rating in a research note on Monday. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$240.11.
Get Our Latest Stock Analysis on IFC
Intact Financial Trading Up 0.8 %
IFC stock traded up C$1.84 during trading on Friday, hitting C$230.24. The company had a trading volume of 249,875 shares, compared to its average volume of 299,071. The firm has a 50-day moving average price of C$223.54 and a 200-day moving average price of C$212.42. The company has a quick ratio of 0.28, a current ratio of 0.38 and a debt-to-equity ratio of 34.90. Intact Financial has a 12 month low of C$188.22 and a 12 month high of C$237.25. The stock has a market cap of C$41.06 billion, a price-to-earnings ratio of 32.94, a PEG ratio of 2.01 and a beta of 0.54.
Insider Activity at Intact Financial
In related news, Senior Officer Benoit Morissette sold 7,000 shares of the business's stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of C$226.23, for a total transaction of C$1,583,589.00. 0.23% of the stock is owned by corporate insiders.
Intact Financial Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $1.21 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $4.84 annualized dividend and a yield of 2.10%. This is a boost from Intact Financial's previous quarterly dividend of $1.10. Intact Financial's payout ratio is currently 69.24%.
Intact Financial Company Profile
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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.
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