Raymond James Has Positive Outlook for TSE:IFC Q4 Earnings

Intact Financial Co. (TSE:IFC) – Investment analysts at Raymond James increased their Q4 2024 earnings per share (EPS) estimates for shares of Intact Financial in a note issued to investors on Tuesday, November 5th. Raymond James analyst S. Boland now expects that the company will earn $4.64 per share for the quarter, up from their prior forecast of $4.49. 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 Q1 2025 earnings at $4.57 EPS and Q4 2025 earnings at $4.97 EPS.

Other equities research analysts have also recently issued reports about the stock. Jefferies Financial Group cut their price objective on shares of Intact Financial from C$264.00 to C$262.00 and set a “hold” rating on the stock in a research note on Thursday, August 22nd. CIBC upped their price target on shares of Intact Financial from C$250.00 to C$270.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Scotiabank increased their price objective on shares of Intact Financial from C$281.00 to C$283.00 in a report on Thursday. BMO Capital Markets boosted their target price on Intact Financial from C$275.00 to C$290.00 in a report on Thursday. Finally, Cormark upped their target price on Intact Financial from C$250.00 to C$260.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Intact Financial presently has an average rating of “Moderate Buy” and an average price target of C$274.90.

Intact Financial Trading Down 0.4 %

Shares of IFC stock opened at C$263.97 on Thursday. Intact Financial has a 1 year low of C$197.82 and a 1 year high of C$273.05. The firm has a market capitalization of C$47.08 billion, a PE ratio of 23.24, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57. The stock has a fifty day moving average of C$259.90 and a two-hundred day moving average of C$243.33. The company has a debt-to-equity ratio of 31.26, a quick ratio of 0.28 and a current ratio of 0.36.

Insider Activity

In related news, Senior Officer Kenneth Anderson sold 2,000 shares of Intact Financial stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$253.88, for a total value of C$507,759.00. Insiders own 0.24% of the company’s stock.

Intact Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $1.21 dividend. The ex-dividend date is Monday, December 16th. This represents a $4.84 annualized dividend and a dividend yield of 1.83%. Intact Financial’s dividend payout ratio is currently 42.61%.

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.