Q1 2018 EPS Estimates for Intact Financial Co. (TSE:IFC) Reduced by Cormark
Intact Financial Co. (TSE:IFC) – Stock analysts at Cormark decreased their Q1 2018 earnings estimates for shares of Intact Financial in a research report issued to clients and investors on Thursday. Cormark analyst M. Grauman now expects that the company will post earnings per share of $1.09 for the quarter, down from their prior estimate of $1.43. Cormark also issued estimates for Intact Financial’s Q2 2018 earnings at $2.16 EPS, Q4 2018 earnings at $2.14 EPS, FY2018 earnings at $7.37 EPS and FY2019 earnings at $7.78 EPS.
IFC has been the topic of a number of other reports. Scotiabank upped their target price on shares of Intact Financial from C$105.00 to C$107.00 and gave the company an “outperform” rating in a research report on Friday, April 28th. Desjardins restated a “hold” rating on shares of Intact Financial in a research report on Thursday, May 11th. TD Securities restated a “hold” rating and set a C$97.00 target price on shares of Intact Financial in a research report on Tuesday, July 4th. Barclays PLC restated an “overweight” rating and set a C$100.00 target price on shares of Intact Financial in a research report on Thursday, May 11th. Finally, Raymond James Financial, Inc. upped their target price on shares of Intact Financial from C$102.00 to C$104.00 and gave the company a “market perform” rating in a research report on Thursday. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of C$102.20.
Shares of Intact Financial (IFC) opened at 98.74 on Monday. Intact Financial has a 12-month low of $90.00 and a 12-month high of $98.81. The company has a market capitalization of $12.93 billion and a P/E ratio of 19.42. The company has a 50 day moving average of $96.06 and a 200-day moving average of $94.71.
In other news, insider Lucie Martel purchased 3,215 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The shares were acquired at an average cost of C$93.42 per share, for a total transaction of C$300,345.30.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.59%. This is an increase from Intact Financial’s previous quarterly dividend of $0.53. The ex-dividend date is Thursday, September 14th.
About Intact Financial
Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada. It primarily underwrites automobile, home, and commercial property and casualty insurance contracts. The company distributes its services through a network of independent insurance brokers, as well as sells directly to consumers through call centers and the Internet.
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