Cormark Increases Earnings Estimates for Intact Financial in FY2025

Forecasting can be a complex endeavor, particularly in the financial sector. Recently, stock analysts from Cormark raised their earnings per share (EPS) estimates for Intact Financial Co. (TSE:IFC). In a research note released on February 12th, Cormark analyst L. Persaud updated the forecast for the company’s FY2025 earnings to $16.55 per share, an increase from their earlier estimate of $16.37. This adjustment reflects a much more optimistic outlook compared to the consensus estimate of $16.17 for Intact Financial’s current full-year earnings.

In addition to the updated FY2025 projections, Cormark also released figures pertaining to FY2026 earnings, estimating that the company will achieve $17.61 per share.

Analyst Ratings and Price Targets

Other analysts have also recently provided insights regarding Intact Financial’s stock. For instance, Cibc World Markets downgraded their rating for Intact Financial from “strong-buy” to “hold” as of January 29th. Meanwhile, National Bankshares revised their price target for the company to C$296.00 from an earlier C$294.00. Following that, BMO Capital Markets increased their price objective to C$315.00, while Scotiabank raised their target price slightly to C$283.00.

Further enhancing the positive outlook, TD Securities upped their price target for shares of Intact Financial to C$324.00, issuing a “buy” rating. Overall, four research analysts have categorized the stock with a hold rating, and six have assigned it a buy rating. According to MarketBeat.com, Intact Financial currently holds an average rating of “Moderate Buy” with an average target price of C$292.90.

Current Price and Market Performance

As of the latest trading session on Friday, shares of Intact Financial began at C$288.21. The company has shown promising performance, reflected in its 50-day moving average of C$263.23 and a 200-day moving average of C$260.77. Intact Financial boasts a market capitalization of approximately C$51.27 billion. Key financial ratios for the company include a price-to-earnings ratio of 22.32 and a price-to-earnings-growth ratio of 2.01. Additionally, the stock has experienced a 1-year low of C$216.62 and a high of C$294.35.

Insider Transactions

Investor interest is also reflected in recent insider transactions. On November 29th, Senior Officer Frédéric Cotnoir sold 450 shares at an average price of C$266.73, totaling around C$120,028.50. Similarly, Senior Officer Charles Brindamour sold 6,000 shares on November 26th for approximately C$1.61 million, at an average price of C$268.50. In the past ninety days, insiders have collectively sold 14,300 shares valued at almost C$4 million. Notably, insiders currently own about 0.24% of the stock.

Company Overview

Intact Financial Corporation, through its various subsidiaries, specializes in offering a wide range of property and casualty insurance products to both individuals and businesses across Canada, the United States, the United Kingdom, and internationally. Their offerings include personal auto insurance coverage that safeguards against accidents and third-party liability, personal property protection for homes from various risks, and commercial lines that cover businesses with commercial auto and liability insurance.

Cormark, Intact, Earnings