Q1 2024 Earnings Estimate for Intact Financial Co. (TSE:IFC) Issued By Cormark

Intact Financial Co. (TSE:IFC) – Equities research analysts at Cormark issued their Q1 2024 earnings estimates for shares of Intact Financial in a report issued on Wednesday, May 1st. Cormark analyst L. Persaud forecasts that the company will post earnings of $3.59 per share 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) last posted 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. Intact Financial had a net margin of 4.59% and a return on equity of 8.16%. The business had revenue of C$6.53 billion during the quarter.

A number of other research analysts have also issued reports on the stock. Desjardins boosted their target price on shares of Intact Financial from C$235.00 to C$238.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. BMO Capital Markets boosted their target price on shares of Intact Financial from C$230.00 to C$240.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Scotiabank boosted their target price on shares of Intact Financial from C$256.00 to C$261.00 in a research note on Friday, April 26th. Raymond James boosted their target price on shares of Intact Financial from C$221.00 to C$247.00 in a research note on Wednesday, February 14th. Finally, Royal Bank of Canada boosted their target price 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, April 29th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$240.11.

Intact Financial Trading Up 0.8 %

TSE IFC opened at C$230.24 on Friday. Intact Financial has a one year low of C$188.22 and a one year high of C$237.25. The company has a 50-day simple moving average of C$223.54 and a 200-day simple moving average of C$212.42. The company has a debt-to-equity ratio of 34.90, a quick ratio of 0.28 and a current ratio of 0.38. The firm has a market capitalization of C$41.06 billion, a PE ratio of 32.94, a price-to-earnings-growth ratio of 2.01 and a beta of 0.54.

Insider Transactions at Intact Financial

In related news, Senior Officer Benoit Morissette sold 7,000 shares of the 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. Company insiders own 0.23% of the company’s stock.

Intact Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders 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. This represents a $4.84 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend was Thursday, March 14th. Intact Financial’s dividend payout ratio is currently 69.24%.

Intact Financial Company Profile

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.