Desjardins Has Positive Outlook of iA Financial Q4 Earnings

iA Financial Co. Inc. (TSE:IAG) – Equities researchers at Desjardins raised their Q4 2024 earnings per share (EPS) estimates for iA Financial in a research note issued to investors on Wednesday, November 6th. Desjardins analyst D. Young now forecasts that the company will earn $2.84 per share for the quarter, up from their previous forecast of $2.65. The consensus estimate for iA Financial’s current full-year earnings is $11.62 per share. Desjardins also issued estimates for iA Financial’s FY2025 earnings at $11.85 EPS and FY2026 earnings at $12.80 EPS.

iA Financial (TSE:IAG) last announced its quarterly earnings results on Tuesday, August 6th. The company reported C$2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$2.58 by C$0.17. The firm had revenue of C$1.64 billion during the quarter. iA Financial had a return on equity of 10.51% and a net margin of 9.02%.

IAG has been the topic of a number of other reports. CIBC increased their target price on shares of iA Financial from C$120.00 to C$133.00 in a research report on Thursday. Royal Bank of Canada lowered iA Financial from an “outperform” rating to a “sector perform” rating and raised their price objective for the stock from C$105.00 to C$137.00 in a report on Thursday. BMO Capital Markets lifted their target price on iA Financial from C$126.00 to C$140.00 in a research report on Thursday. Cormark upped their target price on iA Financial from C$127.00 to C$130.00 in a research report on Wednesday. Finally, Scotiabank raised their price target on iA Financial from C$126.00 to C$143.00 in a research note on Thursday. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$128.50.

iA Financial Stock Down 1.8 %

IAG stock opened at C$127.99 on Friday. The stock has a market cap of C$12.18 billion, a P/E ratio of 17.13, a PEG ratio of 1.26 and a beta of 1.13. The company has a current ratio of 2.22, a quick ratio of 0.17 and a debt-to-equity ratio of 46.39. iA Financial has a twelve month low of C$80.95 and a twelve month high of C$134.29. The company’s 50 day moving average is C$112.36 and its two-hundred day moving average is C$97.25.

iA Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Friday, November 22nd. This is an increase from iA Financial’s previous quarterly dividend of $0.82. This represents a $3.60 annualized dividend and a yield of 2.81%. iA Financial’s dividend payout ratio is currently 43.91%.

Insiders Place Their Bets

In related news, Director Denis Ricard sold 7,200 shares of iA Financial stock in a transaction on Thursday, November 7th. The shares were sold at an average price of C$131.00, for a total value of C$943,200.00. In other news, Senior Officer Michael Lee Stickney sold 1,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of C$130.60, for a total transaction of C$130,600.00. Also, Director Denis Ricard sold 7,200 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$131.00, for a total value of C$943,200.00. 0.09% of the stock is owned by insiders.

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.