Intact Financial Co. (TSE:IFC – Free Report) – Investment analysts at Desjardins lifted their FY2024 earnings estimates for shares of Intact Financial in a research report issued on Wednesday, July 31st. Desjardins analyst D. Young now forecasts that the company will post earnings per share of $15.75 for the year, up from their previous forecast of $14.87. Desjardins has a “Buy” rating and a $255.00 price target on the stock. The consensus estimate for Intact Financial’s current full-year earnings is $14.67 per share. Desjardins also issued estimates for Intact Financial’s FY2025 earnings at $16.00 EPS.
Intact Financial (TSE:IFC – Get Free Report) last announced its earnings results on Tuesday, May 7th. The company reported C$3.63 earnings per share for the quarter, beating the consensus estimate of C$3.43 by C$0.20. The firm had revenue of C$7.06 billion during the quarter, compared to the consensus estimate of C$8.33 billion. Intact Financial had a return on equity of 10.00% and a net margin of 5.55%.
Check Out Our Latest Report on Intact Financial
Intact Financial Stock Down 2.3 %
IFC opened at C$245.02 on Friday. The business has a 50 day moving average of C$231.92 and a 200-day moving average of C$224.79. The stock has a market capitalization of C$43.69 billion, a price-to-earnings ratio of 28.46, a P/E/G ratio of 2.01 and a beta of 0.53. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 32.83. Intact Financial has a 1-year low of C$188.22 and a 1-year high of C$263.74.
Insider Transactions at Intact Financial
In other Intact Financial news, Senior Officer Louis Gagnon sold 10,000 shares of Intact Financial stock in a transaction on Thursday, June 13th. The stock was sold at an average price of C$223.08, for a total value of C$2,230,768.00. In other Intact Financial news, Senior Officer Louis Gagnon sold 10,000 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of C$223.08, for a total transaction of C$2,230,768.00. Also, Senior Officer Louis Marcotte sold 300 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of C$228.61, for a total transaction of C$68,583.00. Insiders have sold 32,500 shares of company stock valued at $7,377,706 in the last three months. 0.23% of the stock is owned by corporate insiders.
Intact Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Friday, September 13th. Intact Financial’s payout ratio is 56.21%.
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.
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