Cormark Has Negative Forecast for TSE:IFC FY2025 Earnings

Intact Financial Co. (TSE:IFC) – Equities research analysts at Cormark dropped their FY2025 earnings estimates for shares of Intact Financial in a report issued on Wednesday, November 6th. Cormark analyst L. Persaud now expects that the company will post earnings per share of $15.88 for the year, down from their prior estimate of $16.20. Cormark currently has a “Buy” rating and a $260.00 target price on the stock. The consensus estimate for Intact Financial’s current full-year earnings is $16.17 per share.

IFC has been the subject of a number of other research reports. National Bankshares increased their target price on shares of Intact Financial from C$294.00 to C$296.00 in a research report on Wednesday. Raymond James increased their target price on shares of Intact Financial from C$264.00 to C$290.00 in a research report on Wednesday. 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 research report on Tuesday, July 23rd. BMO Capital Markets increased their target price on shares of Intact Financial from C$250.00 to C$275.00 in a research report on Thursday, August 1st. Finally, TD Securities raised their price objective on shares of Intact Financial from C$293.00 to C$300.00 in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Intact Financial currently has a consensus rating of “Moderate Buy” and an average target price of C$271.40.

Intact Financial Price Performance

TSE:IFC opened at C$265.02 on Thursday. The company has a 50-day moving average of C$259.90 and a 200-day moving average of C$243.33. The company has a market capitalization of C$47.27 billion, a price-to-earnings ratio of 23.33, a PEG ratio of 2.01 and a beta of 0.57. Intact Financial has a 52 week low of C$196.27 and a 52 week high of C$273.05. 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 Buying and Selling

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

Intact Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Monday, December 16th. Intact Financial’s payout ratio is 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.