FY2024 EPS Estimates for iA Financial Increased by Analyst

iA Financial Co. Inc. (TSE:IAG) – Equities researchers at National Bank Financial increased their FY2024 EPS estimates for iA Financial in a research note issued on Tuesday, January 14th. National Bank Financial analyst G. Dechaine now anticipates that the company will earn $10.95 per share for the year, up from their previous forecast of $10.90. National Bank Financial currently has a “Hold” rating on the stock. The consensus estimate for iA Financial’s current full-year earnings is $11.62 per share. National Bank Financial also issued estimates for iA Financial’s Q4 2024 earnings at $2.84 EPS and FY2026 earnings at $12.84 EPS.

A number of other analysts also recently commented on IAG. CIBC increased their price target on iA Financial from C$133.00 to C$143.00 in a research report on Wednesday, November 13th. Cormark lifted their target price on iA Financial from C$127.00 to C$130.00 in a research note on Wednesday, November 6th. National Bankshares increased their price target on shares of iA Financial from C$118.00 to C$121.00 in a research report on Wednesday, November 6th. BMO Capital Markets lifted their price objective on shares of iA Financial from C$126.00 to C$140.00 in a research report on Thursday, November 7th. Finally, Cibc World Mkts raised shares of iA Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$129.75.

iA Financial Trading Down 0.1 %

TSE:IAG opened at C$128.13 on Thursday. iA Financial has a 52 week low of C$80.95 and a 52 week high of C$138.01. The firm has a 50-day moving average price of C$132.05 and a two-hundred day moving average price of C$111.73. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.17 and a current ratio of 2.22. The firm has a market cap of C$12.19 billion, a price-to-earnings ratio of 17.15, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13.

Insider Buying and Selling

In other news, Senior Officer Pierre Miron sold 15,000 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of C$129.23, for a total value of C$1,938,415.50. Also, Senior Officer Michael Lee Stickney sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of C$130.60, for a total transaction of C$130,600.00. In the last ninety days, insiders sold 58,010 shares of company stock valued at $7,675,070. Company insiders own 0.09% of the company’s stock.

iA Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 22nd were paid a dividend of $0.90 per share. This is a boost from iA Financial’s previous quarterly dividend of $0.82. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend was Friday, November 22nd. iA Financial’s dividend payout ratio is presently 43.91%.

iA Financial Company Profile

iA Financial Corporation Inc, provides insurance and wealth management services in Canada and the United States. The company operates through Insurance, Canada; Wealth Management; Investment; and US Operations segments. The company provides health, auto, home, and creditor insurance products; replacement insurance products and warranties; extended warranties and other ancillary products for dealer services; specialized products for special markets; and life insurance products and extended warranties relating to dealer services.