Cormark Issues Optimistic Forecast for iA Financial Earnings

iA Financial Co. Inc. (TSE:IAG) – Cormark raised their FY2025 earnings per share (EPS) estimates for iA Financial in a research report issued to clients and investors on Wednesday, February 19th. Cormark analyst L. Persaud now expects that the company will post earnings per share of $12.29 for the year, up from their previous estimate of $12.10. The consensus estimate for iA Financial’s current full-year earnings is $11.62 per share. Cormark also issued estimates for iA Financial’s FY2026 earnings at $13.41 EPS.

Other equities analysts also recently issued reports about the stock. Royal Bank of Canada increased their target price on shares of iA Financial from C$137.00 to C$141.00 and gave the stock a “sector perform” rating in a research report on Thursday. BMO Capital Markets increased their target price on shares of iA Financial from C$140.00 to C$150.00 and gave the stock an “outperform” rating in a research report on Thursday. National Bankshares raised their price target on iA Financial from C$118.00 to C$121.00 in a research report on Wednesday, November 6th. Desjardins raised their price target on iA Financial from C$140.00 to C$145.00 and gave the company a “hold” rating in a research report on Thursday. Finally, National Bank Financial downgraded iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$140.63.

iA Financial Price Performance

iA Financial stock opened at C$129.25 on Thursday. The company has a market capitalization of C$12.13 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 1.26 and a beta of 1.13. iA Financial has a one year low of C$80.95 and a one year high of C$141.88. The company’s fifty day moving average price is C$131.75 and its two-hundred day moving average price is C$120.05.

iA Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.79%. iA Financial’s payout ratio is presently 31.25%.

Insider Activity at iA Financial

In other iA Financial news, Senior Officer Alain Bergeron sold 2,750 shares of the firm’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of C$133.64, for a total transaction of C$367,515.78. Also, Director Denis Ricard sold 5,000 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$137.00, for a total transaction of C$685,000.00. Over the last 90 days, insiders sold 11,010 shares of company stock worth $1,489,142. Company insiders own 0.09% of the company’s stock.

About iA Financial

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.