Intact Financial (IFC) Set to Announce Quarterly 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 the company to announce earnings of C$3.34 per share for the quarter.

Intact Financial (TSE:IFC) last announced its quarterly earnings data on Tuesday, February 13th. The company reported C$3.47 EPS for the quarter, beating analysts’ consensus estimates of C$3.44 by C$0.03. The firm had revenue of C$6.53 billion for the quarter. Intact Financial had a return on equity of 8.16% and a net margin of 4.59%.

Intact Financial Trading Up 0.8 %

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

Intact Financial Increases Dividend

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on IFC shares. TD Securities raised their target price on shares of Intact Financial from C$225.00 to C$235.00 and gave the company a “buy” rating in a research note on Wednesday, February 14th. Royal Bank of Canada raised their price objective on shares of Intact Financial from C$229.00 to C$236.00 and gave the company a “sector perform” rating in a research note on Monday, April 29th. National Bankshares upped their target price on shares of Intact Financial from C$245.00 to C$247.00 and gave the company an “outperform” rating in a research report on Tuesday, April 30th. CIBC raised their price target on Intact Financial from C$225.00 to C$250.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Finally, Desjardins lifted their price objective on Intact Financial from C$235.00 to C$238.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$240.11.

Insider Buying and Selling

In other Intact Financial news, Senior Officer Benoit Morissette sold 7,000 shares of the business’s stock in a transaction dated 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.

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.