iA Financial Q3 EPS Cut by National Bank Financial

iA Financial Co. Inc. (TSE:IAG - Free Report) - National Bank Financial reduced their Q3 2024 earnings per share estimates for iA Financial in a research note issued on Thursday, October 24th. National Bank Financial analyst G. Dechaine now expects that the company will post earnings of $2.61 per share for the quarter, down from their prior estimate of $2.63. National Bank Financial currently 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 $2.69 EPS and FY2025 earnings at $11.38 EPS.

Several other research analysts have also weighed in on the company. Scotiabank upped their target price on iA Financial from C$100.00 to C$110.00 in a research report on Thursday, August 8th. National Bankshares downgraded iA Financial from an "outperform" rating to a "sector perform" rating and increased their price objective for the stock from C$102.00 to C$118.00 in a report on Friday. CIBC lifted their target price on shares of iA Financial from C$100.00 to C$106.00 in a research note on Thursday, August 8th. TD Securities increased their price target on shares of iA Financial from C$110.00 to C$114.00 and gave the stock a "buy" rating in a research note on Wednesday, August 7th. Finally, Royal Bank of Canada raised their price target on shares of iA Financial from C$102.00 to C$105.00 and gave the company a "moderate buy" rating in a report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of C$107.25.

iA Financial Stock Up 1.4 %

Shares of iA Financial stock traded up C$1.59 on Monday, hitting C$114.53. 287,004 shares of the company traded hands, compared to its average volume of 282,725. The company has a quick ratio of 0.17, a current ratio of 2.22 and a debt-to-equity ratio of 46.39. iA Financial has a 12-month low of C$78.31 and a 12-month high of C$119.25. The company has a 50-day moving average price of C$108.61 and a 200 day moving average price of C$94.90. The company has a market cap of C$10.90 billion, a PE ratio of 15.30, a PEG ratio of 1.26 and a beta of 1.13.

iA Financial (TSE:IAG - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported C$2.75 EPS for the quarter, topping the consensus estimate of C$2.58 by C$0.17. The business had revenue of C$1.64 billion during the quarter. iA Financial had a net margin of 9.02% and a return on equity of 10.51%.

iA Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 23rd were issued a $0.82 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $3.28 annualized dividend and a yield of 2.86%. iA Financial's dividend payout ratio (DPR) is presently 43.91%.

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.