National Bank Financial Analysts Decrease Earnings Estimates for iA Financial Co. Inc. (TSE:IAG)

iA Financial Co. Inc. (TSE:IAG) – Equities researchers at National Bank Financial dropped their Q1 2024 earnings estimates for shares of iA Financial in a note issued to investors on Thursday, April 25th. National Bank Financial analyst G. Dechaine now anticipates that the company will post earnings per share of $2.37 for the quarter, down from their previous estimate of $2.50. The consensus estimate for iA Financial’s current full-year earnings is $10.34 per share. National Bank Financial also issued estimates for iA Financial’s Q2 2024 earnings at $2.59 EPS, Q3 2024 earnings at $2.68 EPS and Q4 2024 earnings at $2.62 EPS.

iA Financial (TSE:IAG) last issued its earnings results on Tuesday, February 20th. The company reported C$2.34 earnings per share for the quarter, missing the consensus estimate of C$2.49 by C($0.15). The firm had revenue of C$1.55 billion during the quarter. iA Financial had a net margin of 9.95% and a return on equity of 11.14%.

Several other analysts also recently weighed in on IAG. National Bankshares lowered their target price on shares of iA Financial from C$104.00 to C$102.00 and set an “outperform” rating on the stock in a report on Wednesday, February 21st. CIBC lifted their target price on shares of iA Financial from C$95.00 to C$97.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. Desjardins lowered their target price on shares of iA Financial from C$94.00 to C$89.00 and set a “hold” rating on the stock in a report on Thursday, February 22nd. Scotiabank reduced their price objective on shares of iA Financial from C$104.00 to C$95.00 and set an “outperform” rating for the company in a research note on Thursday, February 22nd. Finally, BMO Capital Markets raised their price objective on shares of iA Financial from C$99.00 to C$101.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$77.22.

iA Financial Stock Up 1.4 %

Shares of TSE:IAG opened at C$84.76 on Monday. The company has a market cap of C$8.45 billion, a price-to-earnings ratio of 11.33, a PEG ratio of 1.26 and a beta of 1.13. The firm’s 50-day simple moving average is C$85.26 and its 200-day simple moving average is C$87.17. The company has a quick ratio of 0.17, a current ratio of 0.82 and a debt-to-equity ratio of 34.57. iA Financial has a fifty-two week low of C$77.61 and a fifty-two week high of C$93.90.

iA Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.82 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $3.28 dividend on an annualized basis and a yield of 3.87%. This is a boost from iA Financial’s previous quarterly dividend of $0.77. iA Financial’s payout ratio is presently 43.85%.

Insiders Place Their Bets

In other iA Financial news, Senior Officer Alain Bergeron sold 5,000 shares of iA Financial stock in a transaction dated Monday, March 25th. The shares were sold at an average price of C$84.59, for a total transaction of C$422,937.00. In other iA Financial news, Senior Officer Alain Bergeron sold 5,000 shares of iA Financial stock in a transaction dated Monday, March 25th. The shares were sold at an average price of C$84.59, for a total transaction of C$422,937.00. Also, Senior Officer Michael Lee Stickney sold 1,400 shares of iA Financial stock in a transaction dated Monday, March 4th. The stock was sold at an average price of C$85.07, for a total transaction of C$119,091.98. Over the last quarter, insiders sold 11,400 shares of company stock worth $975,169. Insiders own 0.15% of the company’s stock.

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.