Analysts Issue Forecasts for TSE:IFC Q3 Earnings

Intact Financial Co. (TSE:IFC) – Equities researchers at National Bank Financial issued their Q3 2024 earnings per share (EPS) estimates for shares of Intact Financial in a report released on Tuesday, October 29th. National Bank Financial analyst J. Gloyn anticipates that the company will post earnings per share of ($0.05) for the quarter. 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 FY2024 earnings at $12.54 EPS.

Intact Financial (TSE:IFC) last announced its quarterly earnings results on Tuesday, July 30th. The company reported C$4.86 earnings per share for the quarter, beating the consensus estimate of C$3.61 by C$1.25. Intact Financial had a return on equity of 12.93% and a net margin of 7.14%. The company had revenue of C$7.07 billion during the quarter, compared to analysts’ expectations of C$7.64 billion.

A number of other equities analysts have also commented on the stock. Desjardins raised their price objective on shares of Intact Financial from C$250.00 to C$255.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Raymond James reduced their price target on shares of Intact Financial from C$269.00 to C$264.00 in a research report on Thursday, October 10th. CIBC increased their price objective on Intact Financial from C$250.00 to C$270.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Jefferies Financial Group dropped their price objective on Intact Financial from C$264.00 to C$262.00 and set a “hold” rating for the company in a research note on Thursday, August 22nd. Finally, National Bankshares raised their price target on Intact Financial from C$280.00 to C$294.00 and gave the company an “outperform” rating in a report on Wednesday. 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$267.90.

Intact Financial Stock Performance

Shares of IFC opened at C$265.90 on Friday. Intact Financial has a 52-week low of C$193.12 and a 52-week high of C$271.81. The stock’s 50-day simple moving average is C$258.61 and its 200 day simple moving average is C$241.83. The company has a debt-to-equity ratio of 31.26, a quick ratio of 0.28 and a current ratio of 0.36. The stock has a market capitalization of C$47.43 billion, a price-to-earnings ratio of 23.41, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57.

Insider Activity

In related news, Senior Officer Kenneth Anderson sold 2,000 shares of the business’s 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 value of C$507,759.00. Corporate insiders own 0.24% of the company’s stock.

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.