iA Financial Co. Inc. (TSE:IAG - Free Report) - Investment analysts at Cormark raised their FY2024 earnings per share estimates for shares of iA Financial in a research report issued to clients and investors on Wednesday, November 6th. Cormark analyst L. Persaud now forecasts that the company will post earnings per share of $10.84 for the year, up from their prior forecast of $10.54. The consensus estimate for iA Financial's current full-year earnings is $11.62 per share. Cormark also issued estimates for iA Financial's FY2025 earnings at $12.05 EPS.
Several other analysts also recently weighed in on the stock. CIBC lifted their target price on shares of iA Financial from C$120.00 to C$133.00 in a report on Thursday. BMO Capital Markets increased their target price on iA Financial from C$126.00 to C$140.00 in a research note on Thursday. 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. National Bank Financial downgraded iA Financial from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 24th. Finally, TD Securities increased their price target on shares of iA Financial from C$132.00 to C$135.00 in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$128.50.
Check Out Our Latest Research Report on iA Financial
iA Financial Stock Performance
Shares of TSE IAG traded down C$2.40 during mid-day trading on Friday, hitting C$127.99. 263,786 shares of the company were exchanged, compared to its average volume of 284,285. The company has a quick ratio of 0.17, a current ratio of 2.22 and a debt-to-equity ratio of 46.39. The firm has a market cap of C$12.18 billion, a price-to-earnings ratio of 17.46, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. The stock has a 50 day simple moving average of C$111.83 and a 200-day simple moving average of C$97.04. iA Financial has a 1-year low of C$80.95 and a 1-year high of C$134.29.
iA Financial (TSE:IAG - Get Free Report) last posted 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. iA Financial had a return on equity of 10.51% and a net margin of 9.02%. The company had revenue of C$1.64 billion during the quarter.
iA Financial Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be given a $0.90 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This is a positive change from iA Financial's previous quarterly dividend of $0.82. This represents a $3.60 annualized dividend and a dividend yield of 2.81%. iA Financial's dividend payout ratio is currently 43.91%.
Insider Activity at iA Financial
In other news, Director Denis Ricard sold 7,200 shares of the company'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. In other iA Financial news, Director Denis Ricard sold 7,200 shares of the business'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. Also, Senior Officer Michael Lee Stickney sold 1,000 shares of iA Financial stock in a transaction on Thursday, November 7th. The shares were sold at an average price of C$130.60, for a total value of C$130,600.00. 0.09% of the stock is owned by corporate insiders.
About iA Financial
(
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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.
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