iA Financial Co. Inc. (TSE:IAG - Free Report) - Research analysts at Desjardins raised their Q4 2024 earnings per share estimates for iA Financial in a report released on Wednesday, November 6th. Desjardins analyst D. Young now anticipates that the company will post earnings of $2.84 per share 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.
iA Financial (TSE:IAG - Get Free Report) last announced its earnings results on Tuesday, August 6th. The company reported C$2.75 earnings per share (EPS) for the quarter, beating 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 for the quarter.
A number of other brokerages have also recently commented on IAG. Scotiabank raised their target price on iA Financial from C$126.00 to C$143.00 in a report on Thursday. CIBC raised their price objective on shares of iA Financial from C$120.00 to C$133.00 in a research note on Thursday. National Bankshares upped their target price on shares of iA Financial from C$118.00 to C$121.00 in a research note on Wednesday. BMO Capital Markets raised their price target on shares of iA Financial from C$126.00 to C$140.00 in a research report on Thursday. Finally, TD Securities upped their price objective on iA Financial from C$132.00 to C$135.00 in a research report on Wednesday. Four 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 company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$128.50.
Check Out Our Latest Analysis on iA Financial
iA Financial Trading Down 1.8 %
Shares of TSE IAG traded down C$2.40 during trading on Friday, reaching C$127.99. The stock had a trading volume of 261,110 shares, compared to its average volume of 284,285. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.17 and a current ratio of 2.22. The company has a market cap of C$12.18 billion, a P/E ratio of 17.46, a PEG ratio of 1.26 and a beta of 1.13. iA Financial has a fifty-two week low of C$80.95 and a fifty-two week high of C$134.29. The business's 50-day moving average price is C$111.83 and its 200-day moving average price is C$97.04.
Insider Transactions at iA Financial
In related news, Senior Officer Michael Lee Stickney sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of C$130.60, for a total value of C$130,600.00. In other news, Director Denis Ricard sold 7,200 shares of the business's stock in a transaction dated 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 that occurred on Thursday, November 7th. The stock was sold at an average price of C$130.60, for a total value of C$130,600.00. Corporate insiders own 0.09% of the company's stock.
iA Financial Increases Dividend
The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, November 22nd. 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. 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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