Raymond James Raises Earnings Estimates for Intact Financial

Intact Financial Co. (TSE:IFC) – Raymond James raised their FY2024 earnings per share estimates for Intact Financial in a research report issued on Tuesday, November 5th. Raymond James analyst S. Boland now forecasts that the company will post earnings of $14.31 per share for the year, up from their previous estimate of $13.56. The consensus estimate for Intact Financial’s current full-year earnings is $16.17 per share. Raymond James also issued estimates for Intact Financial’s Q2 2025 earnings at $5.05 EPS, Q3 2025 earnings at $4.81 EPS and FY2025 earnings at $19.41 EPS.

IFC has been the subject of several other research reports. National Bankshares boosted their price target on Intact Financial from C$294.00 to C$296.00 in a report on Wednesday. Scotiabank upped their price objective on Intact Financial from C$281.00 to C$283.00 in a research note on Thursday. Desjardins upped their price objective on Intact Financial from C$250.00 to C$255.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. 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, CIBC upped their price objective on Intact Financial from C$250.00 to C$270.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$274.90.

Intact Financial Stock Performance

TSE:IFC opened at C$263.97 on Friday. The stock has a 50-day simple moving average of C$259.90 and a two-hundred day simple moving average of C$243.33. Intact Financial has a 52-week low of C$197.82 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. The firm has a market capitalization of C$47.08 billion, a PE ratio of 23.24, a P/E/G ratio of 2.01 and a beta of 0.57.

Insider Activity at Intact Financial

In related news, Senior Officer Darren Christopher Godfrey sold 2,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of C$255.00, for a total transaction of C$510,000.00. 0.24% of the stock is owned by corporate insiders.

Intact Financial Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Monday, December 16th. Intact Financial’s payout ratio is presently 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.