iA Financial Co. Inc. Expected to Earn FY2024 Earnings of $10.49 Per Share (TSE:IAG)

iA Financial Co. Inc. (TSE:IAG) – National Bank Financial upped their FY2024 EPS estimates for iA Financial in a research note issued on Tuesday, August 6th. National Bank Financial analyst G. Dechaine now forecasts that the company will post earnings per share of $10.49 for the year, up from their previous estimate of $10.32. The consensus estimate for iA Financial’s current full-year earnings is $10.65 per share.

A number of other analysts have also recently weighed in on IAG. Scotiabank increased their price target on shares of iA Financial from C$100.00 to C$110.00 in a research report on Thursday. CIBC increased their target price on iA Financial from C$100.00 to C$106.00 in a report on Thursday. Cormark boosted their price target on iA Financial from C$103.00 to C$105.00 in a research note on Friday, May 10th. TD Securities increased their price objective on iA Financial from C$110.00 to C$114.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, BMO Capital Markets boosted their target price on shares of iA Financial from C$102.00 to C$111.00 in a research note on Thursday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$94.06.

iA Financial Stock Performance

iA Financial stock traded up C$2.93 on Thursday, hitting C$99.23. The company’s stock had a trading volume of 360,301 shares, compared to its average volume of 277,637. The company has a fifty day moving average price of C$88.30 and a 200-day moving average price of C$87.88. The firm has a market cap of C$9.44 billion, a P/E ratio of 13.28, a price-to-earnings-growth ratio of 1.26 and a beta of 1.11. iA Financial has a one year low of C$77.61 and a one year high of C$99.31. The company has a quick ratio of 0.17, a current ratio of 6.92 and a debt-to-equity ratio of 20.29.

iA Financial (TSE:IAG) last announced its quarterly earnings data on Thursday, May 9th. The company reported C$2.44 EPS for the quarter, topping analysts’ consensus estimates of C$2.38 by C$0.06. The company had revenue of C$1.60 billion during the quarter. iA Financial had a return on equity of 10.51% and a net margin of 10.50%.

Insider Activity

In other iA Financial news, Senior Officer Michael Lee Stickney sold 1,000 shares of the company’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of C$91.42, for a total transaction of C$91,420.00. In other news, Senior Officer Michael Lee Stickney sold 1,000 shares of iA Financial stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of C$91.42, for a total value of C$91,420.00. Also, Director Denis Ricard sold 5,400 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of C$92.00, for a total value of C$496,800.00. Insiders have sold 31,000 shares of company stock valued at $2,850,331 over the last three months. 0.09% of the stock is owned by insiders.

iA Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 23rd will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.31%. iA Financial’s payout ratio is 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.