Cormark Increases Earnings Estimates for Intact Financial

Key Points

• Cormark analysts have raised their FY2025 EPS estimates for Intact Financial to $18.01 per share, indicating an increase from the prior forecast of $16.67 and surpassing the consensus estimate of $16.17.
• Various equities research analysts have upgraded their price targets for Intact Financial, with the latest average target set at C$316.55, while the stock currently trades around C$286.40.
• The company has a market capitalization of C$50.95 billion and various analysts rate it as a "Moderate Buy," with four hold ratings and six buy ratings among research firms.

Intact Financial Co. (TSE:IFC - Free Report) - Research analysts at Cormark upped their FY2025 earnings per share estimates for Intact Financial in a research report issued to clients and investors on Wednesday, July 30th. Cormark analyst L. Persaud now anticipates that the company will post earnings per share of $18.01 for the year, up from their previous forecast of $16.67. The consensus estimate for Intact Financial's current full-year earnings is $16.17 per share.

A number of other equities analysts have also recently issued reports on IFC. Desjardins boosted their price objective on Intact Financial from C$320.00 to C$330.00 and gave the company a "buy" rating in a report on Thursday, May 8th. CIBC boosted their price target on Intact Financial from C$290.00 to C$300.00 in a research report on Friday, April 25th. Royal Bank Of Canada reduced their target price on Intact Financial from C$329.00 to C$324.00 and set a "sector perform" rating on the stock in a research report on Thursday, July 31st. Raymond James Financial increased their price objective on Intact Financial from C$302.00 to C$330.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Finally, TD Securities increased their price objective on Intact Financial from C$328.00 to C$349.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of C$322.20.

Intact Financial Stock Performance

TSE:IFC traded up C$5.03 during trading hours on Friday, reaching C$288.10. The stock had a trading volume of 161,504 shares, compared to its average volume of 284,687. Intact Financial has a 52 week low of C$242.43 and a 52 week high of C$317.35. The company has a 50 day moving average price of C$306.51 and a two-hundred day moving average price of C$292.66. The stock has a market capitalization of C$51.25 billion, a PE ratio of 22.31, a PEG ratio of 2.01 and a beta of 0.57.

Insider Activity at Intact Financial

In other Intact Financial news, Director Timothy Michael Miller sold 13,028 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of C$309.88, for a total transaction of C$4,037,064.53. Insiders own 0.24% of the company's stock.

About Intact Financial

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.