The Globe and Mail reports in its Thursday, May 8, edition that National Bank Financial analyst Jaeme Gloyn is keeping his "outperform" ranking for Intact Financial intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Gloyn gave his share target a $5 boost to $341. Analysts on average target the shares at $394.38. Mr. Gloyn says in a note: "The EPS beat was primarily driven by strong underwriting, helped by modest upside surprises from investment and distribution income. The consolidated combined ratio of 91 per cent beat the street at 93 per cent. Commercial Canada and commercial U.S. highlighted the quarter, each with solid beats on current-year loss ratio and combined ratio. We also liked to see strong reserve development in these two lines in Q1-25 with the U.S. posting a solid reversal from unfavourable reserve development in Q4-24. We take this as a positive sign that corrective actions in the U.S. are working. Personal auto and personal property missed slightly on a greater impact from severe weather losses (non-catastrophe). BVPS increased 4 per cent quarter-over-quarter (street 3 per cent) to $96.16 (street $95.01) and the operating ROE (LTM) of 16.5 per cent remains stable."