Q4 Earnings Estimate for iA Financial Issued By Cormark

iA Financial Co. Inc. (TSE:IAG - Free Report) - Cormark issued their Q4 2024 EPS estimates for shares of iA Financial in a research note issued on Tuesday, February 4th. Cormark analyst L. Persaud expects that the company will earn $2.83 per share for the quarter. The consensus estimate for iA Financial's current full-year earnings is $11.62 per share.

A number of other equities research analysts also recently commented on IAG. National Bank Financial downgraded iA Financial from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 24th. BMO Capital Markets boosted their price objective on iA Financial from C$126.00 to C$140.00 in a research report on Thursday, November 7th. CIBC raised their price target on iA Financial from C$143.00 to C$144.00 in a research note on Thursday, January 30th. Royal Bank of Canada cut shares of iA Financial from an "outperform" rating to a "sector perform" rating and upped their target price for the company from C$105.00 to C$137.00 in a report on Thursday, November 7th. Finally, TD Securities lifted their target price on iA Financial from C$132.00 to C$135.00 in a research report on Wednesday, November 6th. Five analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of C$129.88.

iA Financial Price Performance

Shares of TSE:IAG traded down C$0.65 during midday trading on Thursday, hitting C$131.87. The company had a trading volume of 135,633 shares, compared to its average volume of 190,904. The business's 50-day simple moving average is C$132.55 and its 200-day simple moving average is C$117.52. The stock has a market cap of C$12.55 billion, a price-to-earnings ratio of 17.65, 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. iA Financial has a twelve month low of C$80.95 and a twelve month high of C$138.01.

Insiders Place Their Bets

In related news, Senior Officer Alain Bergeron sold 2,750 shares of iA Financial stock in a transaction dated Friday, December 27th. The shares were sold at an average price of C$133.64, for a total value of C$367,515.78. Also, Director Denis Ricard sold 2,800 shares of the business's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of C$131.00, for a total value of C$366,800.00. Insiders have sold a total of 49,810 shares of company stock worth $6,601,270 over the last quarter. 0.09% of the stock is owned by corporate insiders.

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.