Q4 Earnings Estimate for iA Financial Issued By Desjardins

iA Financial Co. Inc. (TSE:IAG) – Equities researchers at Desjardins raised their Q4 2024 EPS estimates for shares of iA Financial in a research report issued on Wednesday, November 6th. Desjardins analyst D. Young now anticipates that the company will post earnings per share of $2.84 for the quarter, up from their prior 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.

Other equities research analysts have also issued research reports about the company. BMO Capital Markets upped their target price on iA Financial from C$126.00 to C$140.00 in a research report on Thursday. TD Securities increased their price target on iA Financial from C$132.00 to C$135.00 in a research report on Wednesday. National Bankshares lifted their target price on shares of iA Financial from C$118.00 to C$121.00 in a research report on Wednesday. Scotiabank boosted their price target on iA Financial from C$126.00 to C$143.00 in a research report on Thursday. Finally, CIBC raised their target price on shares of iA Financial from C$120.00 to C$133.00 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$128.50.

iA Financial Trading Down 1.8 %

TSE IAG opened at C$127.99 on Friday. The company has a market capitalization of C$12.18 billion, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. The company’s 50-day simple moving average is C$112.36 and its two-hundred day simple moving average is C$97.25. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.17 and a current ratio of 2.22. iA Financial has a one year low of C$80.95 and a one year high of C$134.29.

iA Financial Increases Dividend

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

Insider Transactions at iA Financial

In other news, Director Denis Ricard sold 7,200 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of C$131.00, for a total value of C$943,200.00. In other iA Financial news, Senior Officer Michael Lee Stickney sold 1,000 shares of the business’s stock in a transaction 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. Also, Director Denis Ricard sold 7,200 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of C$131.00, for a total value of C$943,200.00. 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.