Intact Financial (IFC) Scheduled to Post Earnings on Tuesday

Intact Financial (TSE:IFC) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect Intact Financial to post earnings of C$3.34 per share for the quarter.

Intact Financial (TSE:IFC) last released its earnings results on Tuesday, February 13th. The company reported C$3.47 EPS for the quarter, topping the consensus estimate of C$3.44 by C$0.03. The firm had revenue of C$6.53 billion during the quarter. Intact Financial had a net margin of 4.59% and a return on equity of 8.16%.

Intact Financial Stock Performance

Intact Financial stock opened at C$230.24 on Monday. Intact Financial has a 52 week low of C$188.22 and a 52 week high of C$237.25. The stock has a fifty day moving average price of C$223.45 and a 200 day moving average price of C$212.81. The company has a current ratio of 0.38, a quick ratio of 0.28 and a debt-to-equity ratio of 34.90. The firm has a market capitalization of C$41.06 billion, a P/E ratio of 32.89, a PEG ratio of 2.01 and a beta of 0.54.

Intact Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a yield of 2.10%. This is an increase from Intact Financial’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Thursday, March 14th. Intact Financial’s payout ratio is presently 69.14%.

Insider Activity at Intact Financial

In other Intact Financial news, Senior Officer Benoit Morissette sold 7,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of C$226.23, for a total transaction of C$1,583,589.00. 0.23% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Scotiabank lifted their price target on shares of Intact Financial from C$256.00 to C$261.00 in a report on Friday, April 26th. CIBC upped their price target on Intact Financial from C$225.00 to C$250.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. BMO Capital Markets lifted their price objective on Intact Financial from C$230.00 to C$240.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Desjardins upped their price target on shares of Intact Financial from C$235.00 to C$238.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Finally, Raymond James boosted their price objective on Intact Financial from C$221.00 to C$247.00 in a research note on Wednesday, February 14th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$240.11.

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.