FY2024 EPS Forecast for iA Financial Raised by Analyst

iA Financial Co. Inc. (TSE:IAG) – Stock analysts at National Bank Financial raised their FY2024 earnings per share estimates for iA Financial in a report issued on Tuesday, January 14th. National Bank Financial analyst G. Dechaine now expects that the company will post earnings of $10.95 per share for the year, up from their prior estimate of $10.90. National Bank Financial 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.

Several other equities research analysts also recently issued reports on IAG. Cormark increased their price objective on shares of iA Financial from C$127.00 to C$130.00 in a research report on Wednesday, November 6th. CIBC upped their target price on shares of iA Financial from C$133.00 to C$143.00 in a research note on Wednesday, November 13th. Royal Bank of Canada downgraded iA Financial from an “outperform” rating to a “sector perform” rating and lifted their price target for the company from C$105.00 to C$137.00 in a research note on Thursday, November 7th. National Bankshares upped their price objective on iA Financial from C$118.00 to C$121.00 in a research report on Wednesday, November 6th. Finally, Cibc World Mkts upgraded iA Financial from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. 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’s stock. Based on data from MarketBeat.com, iA Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of C$129.75.

iA Financial Price Performance

Shares of IAG opened at C$131.25 on Thursday. 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 capitalization of C$12.49 billion, a PE ratio of 17.57, a P/E/G ratio of 1.26 and a beta of 1.13. The stock has a 50 day simple moving average of C$132.31 and a 200 day simple moving average of C$112.03. iA Financial has a 52-week low of C$80.95 and a 52-week high of C$138.01.

Insider Transactions at iA Financial

In other iA Financial news, Senior Officer Alain Bergeron sold 510 shares of the stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of C$133.58, for a total transaction of C$68,125.80. Also, Senior Officer Michael Lee Stickney sold 1,000 shares of iA Financial stock in a transaction on Thursday, November 7th. The stock was sold at an average price of C$130.60, for a total value of C$130,600.00. Insiders have sold 58,010 shares of company stock worth $7,675,070 in the last ninety days. Insiders own 0.09% of the company’s stock.

iA Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 22nd were given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend was Friday, November 22nd. This is an increase from iA Financial’s previous quarterly dividend of $0.82. iA Financial’s dividend payout ratio (DPR) is 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.