Intact Financial Co. (TSE:IFC) – Analysts at Cormark decreased their Q3 2017 earnings per share estimates for Intact Financial in a report issued on Thursday. Cormark analyst M. Grauman now forecasts that the company will earn $1.52 per share for the quarter, down from their previous forecast of $1.53. Cormark also issued estimates for Intact Financial’s Q4 2017 earnings at $2.01 EPS, Q1 2018 earnings at $1.43 EPS and FY2018 earnings at $7.19 EPS.
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A number of other research firms also recently issued reports on IFC. Scotiabank reiterated an “outperform” rating and set a C$105.00 price objective on shares of Intact Financial in a report on Thursday, February 16th. Raymond James Financial, Inc. reiterated a “market perform” rating and set a C$98.00 price objective on shares of Intact Financial in a report on Thursday, April 6th. BMO Capital Markets reiterated an “outperform” rating and set a C$104.00 price objective on shares of Intact Financial in a report on Thursday, April 6th. Keefe, Bruyette & Woods assumed coverage on Intact Financial in a report on Thursday, April 6th. They set a “market perform” rating and a C$101.00 price objective for the company. Finally, TD Securities reiterated a “hold” rating and set a C$100.00 price objective on shares of Intact Financial in a report on Friday, January 27th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of C$100.80.
Shares of Intact Financial (TSE:IFC) opened at 92.53 on Friday. Intact Financial has a 12 month low of $86.63 and a 12 month high of $97.56. The company has a market cap of $12.12 billion and a P/E ratio of 23.55. The stock’s 50 day moving average is $93.99 and its 200-day moving average is $94.12.
In other Intact Financial news, Director Yves Brouillette sold 12,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of C$94.47, for a total value of C$1,180,875.00. Also, insider Mark Alan Tullis sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of C$94.92, for a total value of C$94,920.00. Over the last 90 days, insiders sold 17,238 shares of company stock valued at $1,632,517.
About Intact Financial
Intact Financial Corporation is a holding company, which provides property and casualty (P&C) insurance. The Company operates through P&C insurance operations segment. It offers a range of car, home and business insurance products, including personal auto, personal property, commercial P&C and commercial auto.
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