National Bank Financial Weighs in on TSE:IFC Q4 Earnings

Intact Financial Co. (TSE:IFC) – National Bank Financial increased their Q4 2024 earnings estimates for shares of Intact Financial in a note issued to investors on Tuesday, November 5th. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings per share of $4.16 for the quarter, up from their previous estimate of $4.11. The consensus estimate for Intact Financial’s current full-year earnings is $16.17 per share. National Bank Financial also issued estimates for Intact Financial’s FY2025 earnings at $15.44 EPS.

Several other equities research analysts have also recently commented on the company. Desjardins boosted their target price on Intact Financial from C$250.00 to C$255.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Scotiabank boosted their price objective on shares of Intact Financial from C$281.00 to C$283.00 in a research report on Thursday. National Bankshares raised their target price on shares of Intact Financial from C$294.00 to C$296.00 in a research report on Wednesday. BMO Capital Markets boosted their price target on shares of Intact Financial from C$275.00 to C$290.00 in a research report on Thursday. Finally, CIBC raised their price objective on Intact Financial from C$250.00 to C$270.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$274.90.

Intact Financial Stock Performance

Shares of Intact Financial stock opened at C$263.97 on Thursday. The company has a debt-to-equity ratio of 31.26, a current ratio of 0.36 and a quick ratio of 0.28. The firm has a market cap of C$47.08 billion, a price-to-earnings ratio of 23.24, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57. Intact Financial has a one year low of C$197.82 and a one year high of C$273.05. The stock’s 50-day moving average is C$259.90 and its 200-day moving average is C$243.33.

Intact Financial Announces Dividend

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 yield of 1.83%. Intact Financial’s dividend payout ratio is currently 42.61%.

Insiders Place Their Bets

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

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.