Intact Financial Co. (TSE:IFC – Free Report) – Equities researchers at Cormark increased their FY2024 earnings estimates for Intact Financial in a research note issued to investors on Wednesday, May 1st. Cormark analyst L. Persaud now expects that the company will earn $14.71 per share for the year, up from their previous estimate of $14.53. The consensus estimate for Intact Financial’s current full-year earnings is $14.47 per share.
Intact Financial (TSE:IFC – Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The company reported C$3.47 earnings per share for the quarter, beating analysts’ consensus estimates of C$3.44 by C$0.03. The firm had revenue of C$6.53 billion during the quarter. Intact Financial had a return on equity of 8.16% and a net margin of 4.59%.
Check Out Our Latest Report on IFC
Intact Financial Stock Performance
Shares of IFC stock opened at C$228.87 on Thursday. The stock has a fifty day moving average of C$223.59 and a 200 day moving average of C$212.30. Intact Financial has a 52 week low of C$188.22 and a 52 week high of C$237.25. The firm has a market capitalization of C$40.81 billion, a price-to-earnings ratio of 32.74, a PEG ratio of 2.01 and a beta of 0.54. The company has a quick ratio of 0.28, a current ratio of 0.38 and a debt-to-equity ratio of 34.90.
Insider Transactions at Intact Financial
In other news, Senior Officer Benoit Morissette sold 7,000 shares of Intact Financial stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of C$226.23, for a total value of C$1,583,589.00. 0.23% of the stock is owned by insiders.
Intact Financial Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $1.21 dividend. This represents a $4.84 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Intact Financial’s previous quarterly dividend of $1.10. Intact Financial’s payout ratio is currently 69.24%.
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.
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