What is Cormark's Forecast for iA Financial FY2025 Earnings?

iA Financial Co. Inc. (TSE:IAG - Free Report) - Stock analysts at Cormark increased their FY2025 EPS estimates for iA Financial in a note issued to investors on Wednesday, February 19th. Cormark analyst L. Persaud now forecasts that the company will post earnings per share of $12.29 for the year, up from their previous estimate of $12.10. The consensus estimate for iA Financial's current full-year earnings is $11.62 per share. Cormark also issued estimates for iA Financial's FY2026 earnings at $13.41 EPS.

Several other brokerages have also commented on IAG. Desjardins raised their price objective on iA Financial from C$140.00 to C$145.00 and gave the company a "hold" rating in a report on Thursday. Cibc World Mkts raised shares of iA Financial from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 30th. CIBC upped their price objective on shares of iA Financial from C$144.00 to C$149.00 and gave the stock an "outperform" rating in a research report on Thursday. Royal Bank of Canada increased their price objective on shares of iA Financial from C$137.00 to C$141.00 and gave the company a "sector perform" rating in a report on Thursday. Finally, National Bankshares boosted their target price on shares of iA Financial from C$118.00 to C$121.00 in a research note on Wednesday, November 6th. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, iA Financial presently has a consensus rating of "Moderate Buy" and an average target price of C$140.63.

iA Financial Stock Down 1.6 %

Shares of TSE:IAG traded down C$2.13 during trading on Thursday, reaching C$127.12. 705,366 shares of the company's stock traded hands, compared to its average volume of 217,410. iA Financial has a fifty-two week low of C$80.95 and a fifty-two week high of C$141.88. The company has a 50-day simple moving average of C$131.62 and a 200-day simple moving average of C$120.30. The firm has a market cap of C$11.93 billion, a PE ratio of 12.11, a P/E/G ratio of 1.26 and a beta of 1.13.

Insider Buying and Selling

In related news, Senior Officer Alain Bergeron sold 2,750 shares of iA Financial stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of C$133.64, for a total transaction of C$367,515.78. Also, Director Denis Ricard sold 5,000 shares of the business's stock in a transaction on Thursday, December 5th. The stock was sold at an average price of C$137.00, for a total value of C$685,000.00. Over the last three months, insiders have sold 11,010 shares of company stock worth $1,489,142. 0.09% of the stock is owned by insiders.

iA Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.83%. iA Financial's dividend payout ratio is currently 31.25%.

About iA Financial

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.