Intact Financial Co. to Post Q3 2018 Earnings of $1.67 Per Share, National Bank Financial Forecasts (IFC)

Intact Financial Co. (TSE:IFC) – Equities research analysts at National Bank Financial raised their Q3 2018 earnings estimates for shares of Intact Financial in a report released on Tuesday, October 16th. National Bank Financial analyst J. Gloyn now forecasts that the company will post earnings of $1.67 per share for the quarter, up from their previous forecast of $1.06. National Bank Financial has a “Sector Perform” rating and a $103.00 price objective on the stock. National Bank Financial also issued estimates for Intact Financial’s FY2018 earnings at $5.76 EPS.

Several other analysts have also issued reports on the stock. Keefe, Bruyette & Woods increased their price target on shares of Intact Financial from C$105.00 to C$110.00 in a research report on Friday, August 3rd. CIBC increased their price target on shares of Intact Financial from C$103.00 to C$110.00 in a research report on Thursday, August 2nd. BMO Capital Markets increased their price target on shares of Intact Financial from C$114.00 to C$117.00 in a research report on Thursday, August 2nd. Raymond James increased their price target on shares of Intact Financial from C$107.00 to C$109.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 1st. Finally, TD Securities increased their price target on shares of Intact Financial from C$110.00 to C$115.00 and gave the stock a “buy” rating in a research report on Wednesday, August 1st. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Intact Financial currently has a consensus rating of “Buy” and a consensus target price of C$109.10.

TSE IFC opened at C$100.72 on Friday. Intact Financial has a 1 year low of C$91.65 and a 1 year high of C$109.33.

Intact Financial (TSE:IFC) last posted its quarterly earnings results on Tuesday, July 31st. The company reported C$1.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$1.22 by C$0.16. The business had revenue of C$2.63 billion for the quarter, compared to analyst estimates of C$2.53 billion. Intact Financial had a net margin of 8.93% and a return on equity of 13.53%.

In other Intact Financial news, insider Lucie Martel sold 1,430 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of C$105.14, for a total value of C$150,350.20. Insiders sold 1,630 shares of company stock worth $170,954 in the last 90 days.

About Intact Financial

Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada and the United States. It offers personal auto insurance; and insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles.

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Earnings History and Estimates for Intact Financial (TSE:IFC)

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