iA Financial (IAG) Stock Price, News & Analysis

Company Overview

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. It also offers savings plans, retirement funds and segregated funds, securities brokerage services, trust operations, and mutual funds. In addition, the company provides car, life, RV, mortgage, disability, travel, medical and paramedical care, vision and dental care, accidental death and dismemberment, transit, and critical illness insurance products. Further, it offers investments; registered retirement income and life income funds, and annuities; registered education savings plans; investment funds; wealth management solutions; and registered retirement and education savings plan, auto, and investment loans. Additionally, the company owns and manages real estate portfolio of commercial space for lease for offices, businesses, etc.; and manufactures and distributes automobile protection products, as well as provides vehicle warranty and related software and services; digital property and casualty insurance distribution services; life insurance and mutual fund brokerage services; and automobile warranty services. iA Financial Corporation Inc. was founded in 1892 and is headquartered in Quebec City, Canada.

Key Stats

• Today's Range: C$131.64 to C$135.00
• 50-Day Range: C$104.65 to C$135.23
• 52-Week Range: C$80.95 to C$137.34
• Volume: 1.50 million shs
• Average Volume: 306,369 shs
• Market Capitalization: C$12.55 billion
• P/E Ratio: 17.66
• Dividend Yield: 2.49%
• Price Target: C$129.75
• Consensus Rating: Moderate Buy

iA Financial Stock Analysis - MarketRank™

iA Financial scored higher than 46% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

iA Financial has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

iA Financial has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of iA Financial is 17.66, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.56.

Price to Earnings Ratio vs. Sector

The P/E ratio of iA Financial is 17.66, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 404.29.

Price to Earnings Growth Ratio

iA Financial has a PEG Ratio of 1.26. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

iA Financial has a P/B Ratio of 1.89. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for IAG.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

iA Financial pays a meaningful dividend of 2.86%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

iA Financial does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of iA Financial is 43.91%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for IAG.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 0.09

News Sentiment

iA Financial has a news sentiment score of 0.09. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Financial Services companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for iA Financial this week, compared to 3 articles on an average week.

Search Interest

29 people have searched for IAG on MarketBeat in the last 30 days. This is an increase of 38% compared to the previous 30 days.

MarketBeat Follows

5 people have added iA Financial to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, iA Financial insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$6,185,928.00 in company stock.

Percentage Held by Insiders

Only 0.09% of the stock of iA Financial is held by insiders.

Percentage Held by Institutions

48.02% of the stock of iA Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

IAG Stock Analysis - Frequently Asked Questions

How have IAG shares performed this year?

iA Financial's stock was trading at C$90.33 at the beginning of 2024. Since then, IAG shares have increased by 46.1% and is now trading at C$131.95.
View the best growth stocks for 2024 here.

How do I buy shares of iA Financial?

Shares of IAG stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of iA Financial own?

Based on aggregate information from My MarketBeat watchlists, some other companies that iA Financial investors own include Toronto-Dominion Bank (TD), TELUS (T), Bank of Nova Scotia (BNS), Royal Bank of Canada (RY), Bank of Montreal (BMO), BCE (BCE) and Enbridge (ENB).

Company Calendar

• Ex-Dividend for 9/16 Dividend: 8/23/2024
• Dividend Payable: 9/16/2024
• Ex-Dividend for 12/16 Dividend: 11/22/2024
• Today: 11/23/2024
• Dividend Payable: 12/16/2024
• Next Earnings (Estimated): 2/18/2025

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Financial Services
• Industry: Insurance - Diversified
• Sub-Industry: Precious Metals
• Current Symbol: TSE:IAG
• CUSIP: N/A
• CIK: N/A
• Web: ia.ca
• Phone: +1-418-6845000
• Fax: N/A
• Employees: 5,360
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$129.75
• High Stock Price Target: C$143.00
• Low Stock Price Target: C$89.00
• Potential Upside/Downside: -1.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$7.47
• Trailing P/E Ratio: 17.66
• Forward P/E Ratio: 11.36
• P/E Growth: 1.26
• Net Income: C$742 million
• Net Margins: 9.02%
• Pretax Margin: N/A
• Return on Equity: 10.51%
• Return on Assets: 0.68%

Debt

• Debt-to-Equity Ratio: 46.39
• Current Ratio: 2.22
• Quick Ratio: 0.17

Sales & Book Value

• Annual Sales: C$8.42 billion
• Price / Sales: 1.49
• Cash Flow: C$28.90 per share
• Price / Cash Flow: 4.57
• Book Value: C$69.89 per share
• Price / Book: 1.89

Miscellaneous

• Outstanding Shares: 95,140,000
• Free Float: N/A
• Market Cap: C$12.55 billion
• Optionable: Not Optionable
• Beta: 1.13