Intact Financial (IFC) Set to Announce Earnings on Tuesday

Intact Financial (TSE:IFC) is scheduled to be announcing its earnings results 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 posted its earnings results 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. Intact Financial had a net margin of 4.59% and a return on equity of 8.16%. The company had revenue of C$6.53 billion during the quarter.

Intact Financial Price Performance

TSE IFC opened at C$230.24 on Friday. Intact Financial has a 12-month low of C$188.22 and a 12-month high of C$237.25. The firm’s fifty day simple moving average is C$223.45 and its two-hundred day simple moving average is C$212.63. 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 32.94, a P/E/G ratio of 2.01 and a beta of 0.54.

Intact Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a yield of 2.10%. This is an increase from Intact Financial’s previous quarterly dividend of $1.10. The ex-dividend date was Thursday, March 14th. Intact Financial’s payout ratio is 69.24%.

Analyst Ratings Changes

Several brokerages have weighed in on IFC. BMO Capital Markets raised their price target on Intact Financial from C$230.00 to C$240.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. CIBC lifted their price objective on shares of 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. Raymond James raised their target price on Intact Financial from C$221.00 to C$247.00 in a research note on Wednesday, February 14th. Desjardins boosted their price target on Intact Financial from C$235.00 to C$238.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, TD Securities raised their price objective on Intact Financial from C$225.00 to C$235.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. One analyst has rated the stock with a hold rating and seven have issued 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$240.11.

Insider Activity

In related news, Senior Officer Benoit Morissette sold 7,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of C$226.23, for a total transaction of C$1,583,589.00. Insiders own 0.23% 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.