Cormark Forecasts Stronger Earnings for Intact Financial

Intact Financial Co. (TSE:IFC) – Analysts at Cormark upped their FY2025 earnings per share estimates for Intact Financial in a report released on Wednesday, February 12th. Cormark analyst L. Persaud now anticipates that the company will post earnings of $16.55 per share for the year, up from their prior estimate of $16.37. The consensus estimate for Intact Financial’s current full-year earnings is $16.17 per share. Cormark also issued estimates for Intact Financial’s FY2026 earnings at $17.61 EPS.

Several other equities analysts have also weighed in on the stock. CIBC boosted their target price on shares of Intact Financial from C$280.00 to C$290.00 and gave the company a “neutral” rating in a report on Thursday. Desjardins upped their price objective on Intact Financial from C$295.00 to C$315.00 and gave the company a “buy” rating in a report on Thursday. BMO Capital Markets increased their price objective on Intact Financial from C$290.00 to C$315.00 in a research report on Thursday. Scotiabank upped their price objective on shares of Intact Financial from C$281.00 to C$283.00 in a report on Thursday, November 7th. Finally, National Bankshares increased their target price on Intact Financial from C$294.00 to C$296.00 in a research note on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$292.90.

Intact Financial Stock Down 1.1 %

TSE IFC opened at C$287.10 on Friday. The business’s fifty day simple moving average is C$262.47 and its 200-day simple moving average is C$260.27. The firm has a market cap of C$51.07 billion, a PE ratio of 22.23, a P/E/G ratio of 2.01 and a beta of 0.57. Intact Financial has a 52 week low of C$213.11 and a 52 week high of C$294.35.

Insiders Place Their Bets

In other Intact Financial news, Senior Officer Benoit Morissette sold 6,000 shares of Intact Financial stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of C$287.12, for a total transaction of C$1,722,738.00. Also, Senior Officer Frédéric Cotnoir sold 450 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of C$266.73, for a total value of C$120,028.50. Insiders sold 14,300 shares of company stock worth $3,957,892 in the last 90 days. Corporate insiders own 0.24% of the company’s stock.

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.