Q3 2024 Earnings Forecast for Intact Financial Co. (TSE:IFC) Issued By Raymond James

Intact Financial Co. (TSE:IFC) – Analysts at Raymond James dropped their Q3 2024 EPS estimates for shares of Intact Financial in a report issued on Wednesday, October 9th. Raymond James analyst S. Boland now anticipates that the company will post earnings of $0.41 per share for the quarter, down from their previous estimate of $4.28. The consensus estimate for Intact Financial’s current full-year earnings is $15.77 per share. Raymond James also issued estimates for Intact Financial’s FY2024 earnings at $13.56 EPS.

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

Other research analysts have also recently issued reports about the stock. Jefferies Financial Group lowered their price target on shares of Intact Financial from C$264.00 to C$262.00 and set a “hold” rating on the stock in a report on Thursday, August 22nd. BMO Capital Markets upped their target price on Intact Financial from C$250.00 to C$275.00 in a research report on Thursday, August 1st. Scotiabank reduced their target price on Intact Financial from C$272.00 to C$263.00 and set an “outperform” rating on the stock in a report on Thursday, August 22nd. Desjardins increased their target price on shares of Intact Financial from C$250.00 to C$255.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Finally, National Bankshares boosted their target price on shares of Intact Financial from C$260.00 to C$265.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Intact Financial currently has an average rating of “Moderate Buy” and an average target price of C$263.90.

Intact Financial Stock Up 0.8 %

IFC opened at C$266.07 on Monday. The stock has a market cap of C$47.46 billion, a PE ratio of 23.44, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57. The stock’s fifty day simple moving average is C$254.45 and its 200 day simple moving average is C$237.91. Intact Financial has a 1-year low of C$188.27 and a 1-year high of C$267.19. The company has a current ratio of 0.36, a quick ratio of 0.28 and a debt-to-equity ratio of 31.26.

Insider Buying and Selling

In other Intact Financial news, Senior Officer Kenneth Anderson sold 2,000 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of C$253.88, for a total transaction of C$507,759.00. 0.24% of the stock is owned by insiders.

Intact Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a dividend yield of 1.82%. The ex-dividend date was Friday, September 13th. Intact Financial’s dividend payout ratio (DPR) is presently 42.64%.

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.