Intact Financial Co. (TSE:IFC) to Post Q3 2024 Earnings of $3.84 Per Share, National Bank Financial Forecasts

Intact Financial Co. (TSE:IFC) – Investment analysts at National Bank Financial issued their Q3 2024 earnings estimates for shares of Intact Financial in a research report issued on Monday, April 29th. National Bank Financial analyst J. Gloyn anticipates that the company will post earnings per share of $3.84 for the quarter. The consensus estimate for Intact Financial’s current full-year earnings is $14.47 per share.

Several other brokerages also recently commented on IFC. Desjardins lifted 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 report on Tuesday, April 16th. CIBC upped their target price on Intact Financial from C$225.00 to C$250.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. TD Securities increased their target price 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 price target on 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. 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 research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$240.11.

Intact Financial Price Performance

TSE:IFC opened at C$226.27 on Wednesday. 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. The firm’s fifty day moving average price is C$223.54 and its two-hundred day moving average price is C$212.19. Intact Financial has a one year low of C$188.22 and a one year high of C$237.25. The company has a debt-to-equity ratio of 34.90, a current ratio of 0.38 and a quick ratio of 0.28.

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

Intact Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $1.21 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Intact Financial’s previous quarterly dividend of $1.10. This represents a $4.84 annualized dividend and a dividend yield of 2.14%. Intact Financial’s payout ratio is presently 69.24%.

Insider Buying and Selling

In other Intact Financial news, Senior Officer Benoit Morissette sold 7,000 shares of the business’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 currently owned by company insiders.

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.