Analysts Set Expectations for iA Financial FY2024 Earnings

iA Financial Co. Inc. (TSE:IAG - Free Report) - Analysts at National Bank Financial increased their FY2024 earnings per share (EPS) estimates for iA Financial in a report released on Tuesday, November 5th. National Bank Financial analyst G. Dechaine now forecasts that the company will earn $10.90 per share for the year, up from their prior forecast of $10.49. 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 $2.80 EPS and FY2025 earnings at $11.80 EPS.

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

Several other analysts have also weighed in on IAG. CIBC upped their target price on iA Financial from C$120.00 to C$133.00 in a report on Thursday. TD Securities upped their price objective on iA Financial from C$132.00 to C$135.00 in a research report on Wednesday. BMO Capital Markets upped their price objective on iA Financial from C$126.00 to C$140.00 in a research report on Thursday. Cibc World Mkts upgraded iA Financial from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 30th. Finally, Cormark upped their price objective on iA Financial from C$127.00 to C$130.00 in a research report on Wednesday. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued 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 price target of C$128.50.

iA Financial Price Performance

iA Financial stock traded down C$3.26 during trading hours on Thursday, hitting C$130.39. The stock had a trading volume of 561,169 shares, compared to its average volume of 284,380. The company has a debt-to-equity ratio of 46.39, a current ratio of 2.22 and a quick ratio of 0.17. The stock has a market capitalization of C$12.41 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 1.26 and a beta of 1.13. iA Financial has a 1-year low of C$80.95 and a 1-year high of C$134.29. The stock's fifty day moving average is C$111.27 and its two-hundred day moving average is C$96.70.

iA Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be issued a dividend of $0.90 per share. This is an increase from iA Financial's previous quarterly dividend of $0.82. This represents a $3.60 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Friday, November 22nd. iA Financial's dividend payout ratio (DPR) 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.