Raymond James Raises Earnings Estimates for Intact Financial

Intact Financial Co. (TSE:IFC) – Analysts at Raymond James raised their FY2024 earnings estimates for shares of Intact Financial in a report issued on Tuesday, November 5th. Raymond James analyst S. Boland now expects that the company will post earnings per share of $14.31 for the year, up from their previous estimate of $13.56. The consensus estimate for Intact Financial’s current full-year earnings is $16.17 per share. Raymond James also issued estimates for Intact Financial’s Q2 2025 earnings at $5.05 EPS, Q3 2025 earnings at $4.81 EPS and FY2025 earnings at $19.41 EPS.

A number of other research firms have also commented on IFC. TD Securities lifted their price target on shares of Intact Financial from C$293.00 to C$300.00 in a research report on Wednesday. Jefferies Financial Group cut their price target on Intact Financial from C$264.00 to C$262.00 and set a “hold” rating for the company in a report on Thursday, August 22nd. Desjardins increased their price target on shares of Intact Financial from C$250.00 to C$255.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. National Bankshares increased their price objective on Intact Financial from C$294.00 to C$296.00 in a research note on Wednesday. Finally, Cormark lifted their target price on shares of Intact Financial from C$250.00 to C$260.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$274.90.

Intact Financial Stock Up 0.9 %

Intact Financial stock opened at C$266.23 on Friday. The company has a debt-to-equity ratio of 31.26, a quick ratio of 0.28 and a current ratio of 0.36. Intact Financial has a twelve month low of C$197.82 and a twelve month high of C$273.05. The firm’s 50 day moving average price is C$260.44 and its two-hundred day moving average price is C$243.63. The firm has a market cap of C$47.48 billion, a PE ratio of 23.44, a P/E/G ratio of 2.01 and a beta of 0.57.

Insider Transactions at Intact Financial

In other news, Senior Officer Kenneth Anderson sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of C$253.88, for a total transaction of C$507,759.00. 0.24% of the stock is currently owned by insiders.

Intact Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date is Monday, December 16th. Intact Financial’s dividend payout ratio is currently 42.61%.

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.