Intact Financial Corporation Launches $150 Million Preferred Share Offering

Intact Financial Corporation ( (TSE:IFC) ) has provided an announcement.

Intact Financial Corporation announced a $150 million preferred share offering, involving the sale of 6,000,000 Non-Cumulative Class A Shares, Series 13, at $25.00 per share. The shares, yielding 5.50% annually, are expected to close on November 12, 2025, with proceeds used for general corporate purposes. This move is part of Intact’s strategy to strengthen its financial position and support its ongoing operations, potentially impacting its market presence positively.

The most recent analyst rating on (TSE:IFC) stock is a Hold with a C$288.00 price target. To see the full list of analyst forecasts on Intact Financial Corporation stock, see the TSE:IFC Stock Forecast page.

Spark’s Take on TSE:IFC Stock

According to Spark, TipRanks’ AI Analyst, TSE:IFC is a Outperform.

Intact Financial Corporation’s strong financial performance and positive earnings call sentiment are the primary drivers of its stock score. While technical indicators suggest some short-term weakness, the company’s robust financial health and strategic initiatives support a positive outlook. Valuation metrics indicate the stock is fairly valued, providing a balanced risk-reward profile.

To see Spark’s full report on TSE:IFC stock, click here.

More about Intact Financial Corporation

Intact Financial Corporation is the largest provider of Property and Casualty (P&C) insurance in Canada, a leading Specialty lines insurer with international expertise, and a leader in Commercial lines in the UK and Ireland. The company has expanded through organic growth and acquisitions, achieving nearly $24 billion in total annual operating direct premiums written.

Average Trading Volume: 454,015

Technical Sentiment Signal: Buy

Current Market Cap: C$47.29B

See more insights into IFC stock on TipRanks’ Stock Analysis page.