What is Raymond James’ Estimate for TSE:IFC FY2024 Earnings?

Intact Financial Co. (TSE:IFC) – Research analysts at Raymond James decreased their FY2024 earnings per share estimates for shares of Intact Financial in a research note issued on Tuesday, January 28th. Raymond James analyst S. Boland now forecasts that the company will earn $13.54 per share for the year, down from their previous estimate of $14.31. 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 Q4 2024 earnings at $4.25 EPS, Q1 2025 earnings at $4.02 EPS, Q2 2025 earnings at $4.36 EPS, Q3 2025 earnings at $4.15 EPS, Q4 2025 earnings at $4.26 EPS and FY2025 earnings at $16.79 EPS.

IFC has been the topic of a number of other research reports. TD Securities raised their price target on shares of Intact Financial from C$293.00 to C$300.00 in a report on Wednesday, November 6th. Scotiabank raised their price objective on shares of Intact Financial from C$281.00 to C$283.00 in a research note on Thursday, November 7th. BMO Capital Markets raised their price target on shares of Intact Financial from C$275.00 to C$290.00 in a report on Thursday, November 7th. National Bankshares increased their target price on Intact Financial from C$294.00 to C$296.00 in a report on Wednesday, November 6th. Finally, Cibc World Mkts lowered shares of Intact Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$274.90.

Intact Financial Stock Up 1.0 %

Shares of TSE IFC opened at C$257.74 on Friday. The stock has a market capitalization of C$45.97 billion, a P/E ratio of 22.69, a P/E/G ratio of 2.01 and a beta of 0.57. The company has a debt-to-equity ratio of 31.26, a current ratio of 0.36 and a quick ratio of 0.28. Intact Financial has a 1 year low of C$206.57 and a 1 year high of C$275.84. The company has a 50-day moving average price of C$262.24 and a 200-day moving average price of C$258.15.

Intact Financial (TSE:IFC) last posted its quarterly earnings results on Tuesday, November 5th. The company reported C$1.01 EPS for the quarter, topping analysts’ consensus estimates of C$0.29 by C$0.72. Intact Financial had a return on equity of 12.93% and a net margin of 7.14%. During the same quarter in the previous year, the company posted $2.10 earnings per share.

Intact Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a $1.21 dividend. The ex-dividend date was Monday, December 16th. This represents a $4.84 annualized dividend and a yield of 1.88%. Intact Financial’s payout ratio is currently 42.61%.

Insider Transactions at Intact Financial

In other news, Senior Officer Charles Brindamour sold 6,000 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of C$268.50, for a total transaction of C$1,611,000.00. Also, Senior Officer Darren Christopher Godfrey sold 1,850 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of C$272.50, for a total transaction of C$504,125.00. Insiders have sold 8,865 shares of company stock worth $2,385,573 over the last quarter. 0.24% of the stock is currently owned by insiders.

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.