iA Financial Co. Inc. (TSE:IAG - Free Report) - National Bank Financial raised their FY2024 earnings estimates for shares of iA Financial in a research report issued to clients and investors on Tuesday, January 14th. National Bank Financial analyst G. Dechaine now forecasts that the company will earn $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.
A number of other analysts have also recently commented on the stock. Cormark upped their price target on shares of iA Financial from C$127.00 to C$130.00 in a research report on Wednesday, November 6th. BMO Capital Markets raised their target price on iA Financial from C$126.00 to C$140.00 in a research note on Thursday, November 7th. National Bankshares lifted their target price on iA Financial from C$118.00 to C$121.00 in a report on Wednesday, November 6th. Royal Bank of Canada cut iA Financial from an "outperform" rating to a "sector perform" rating and increased their price target for the stock from C$105.00 to C$137.00 in a report on Thursday, November 7th. Finally, CIBC lifted their price objective on shares of iA Financial from C$133.00 to C$143.00 in a research note on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of C$129.75.
Read Our Latest Stock Analysis on iA Financial
iA Financial Trading Up 2.4 %
Shares of IAG traded up C$3.12 during trading hours on Thursday, hitting C$131.25. 255,183 shares of the stock were exchanged, compared to its average volume of 177,768. iA Financial has a fifty-two week low of C$80.95 and a fifty-two week high of C$138.01. The business has a 50-day moving average of C$132.31 and a 200-day moving average of C$112.03. The firm has a market capitalization of C$12.49 billion, a P/E ratio of 17.57, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. The company has a debt-to-equity ratio of 46.39, a current ratio of 2.22 and a quick ratio of 0.17.
Insider Buying and Selling at iA Financial
In related news, Senior Officer Pierre Miron sold 15,000 shares of the company's stock in a transaction on Monday, November 11th. The stock was sold at an average price of C$129.23, for a total transaction of C$1,938,415.50. Also, Senior Officer Michael Lee Stickney sold 1,000 shares of the firm's 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. Over the last three months, insiders have sold 58,010 shares of company stock valued at $7,675,070. Corporate insiders own 0.09% of the company's stock.
iA Financial Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 22nd were issued a dividend of $0.90 per share. This is an increase from iA Financial's previous quarterly dividend of $0.82. The ex-dividend date was Friday, November 22nd. This represents a $3.60 annualized dividend and a yield of 2.74%. iA Financial's dividend payout ratio is presently 43.91%.
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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