Intact Financial (IFC) Set to Announce Earnings on Tuesday

Intact Financial (TSE:IFC - Get Free Report) is scheduled to be releasing its earnings data after the market closes on Tuesday, May 7th. Analysts expect Intact Financial to post earnings of C$3.34 per share for the quarter.

Intact Financial (TSE:IFC - Get Free Report) last announced its quarterly earnings results on Tuesday, February 13th. The company reported C$3.47 EPS for the quarter, beating the consensus estimate of C$3.44 by C$0.03. The business had revenue of C$6.53 billion for the quarter. Intact Financial had a return on equity of 8.16% and a net margin of 4.59%.

Intact Financial Price Performance

IFC stock traded down C$0.18 during trading on Tuesday, hitting C$226.27. The company had a trading volume of 284,584 shares, compared to its average volume of 299,652. The company has a fifty day moving average price of C$223.54 and a two-hundred day moving average price of C$212.19. The company has a current ratio of 0.38, a quick ratio of 0.28 and a debt-to-equity ratio of 34.90. The company has a market cap of C$40.35 billion, a P/E ratio of 32.37, a P/E/G ratio of 2.01 and a beta of 0.54. Intact Financial has a fifty-two week low of C$188.22 and a fifty-two week high of C$237.25.

Intact Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $1.21 dividend. This is a positive change from Intact Financial's previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $4.84 annualized dividend and a yield of 2.14%. Intact Financial's payout ratio is currently 69.24%.

Insider Transactions at Intact Financial

In other news, Senior Officer Benoit Morissette sold 7,000 shares of the company's stock in a transaction dated Thursday, February 15th. The stock was 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 insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on IFC shares. TD Securities boosted their price objective on Intact Financial from C$225.00 to C$235.00 and gave the stock a "buy" rating in a research note on Wednesday, February 14th. BMO Capital Markets boosted their target price on Intact Financial from C$230.00 to C$240.00 and gave the stock an "outperform" rating in a research report on Thursday, February 15th. Desjardins boosted their target price on Intact Financial from C$235.00 to C$238.00 and gave the stock a "buy" rating in a research report on Tuesday, April 16th. Royal Bank of Canada upped their price objective on Intact Financial from C$229.00 to C$236.00 and gave the company a "sector perform" rating in a report on Monday. Finally, National Bankshares upped their price objective on Intact Financial from C$245.00 to C$247.00 and gave the company an "outperform" rating in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of C$240.11.

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.