iA Financial Co. Inc. (TSE:IAG) Expected to Earn Q1 2024 Earnings of $2.37 Per Share

iA Financial Co. Inc. (TSE:IAG) – Cormark issued their Q1 2024 earnings estimates for shares of iA Financial in a report released on Thursday, April 25th. Cormark analyst L. Persaud expects that the company will earn $2.37 per share for the quarter. The consensus estimate for iA Financial’s current full-year earnings is $10.34 per share. Cormark also issued estimates for iA Financial’s FY2025 earnings at $11.41 EPS.

A number of other equities research analysts have also commented on the stock. Scotiabank lowered their price target on shares of iA Financial from C$104.00 to C$95.00 and set an “outperform” rating for the company in a report on Thursday, February 22nd. Desjardins lowered their price target on shares of iA Financial from C$94.00 to C$89.00 and set a “hold” rating for the company in a report on Thursday, February 22nd. CIBC upped their price target 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. BMO Capital Markets upped their price target on shares of iA Financial from C$99.00 to C$101.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Finally, National Bankshares lowered their price target on shares of iA Financial from C$104.00 to C$102.00 and set an “outperform” rating for the company in a report on Wednesday, February 21st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, iA Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of C$77.22.

iA Financial Price Performance

Shares of iA Financial stock opened at C$84.76 on Monday. The company has a fifty day moving average of C$85.26 and a 200-day moving average of C$87.17. iA Financial has a 52-week low of C$77.61 and a 52-week high of C$93.90. The company has a debt-to-equity ratio of 34.57, a quick ratio of 0.17 and a current ratio of 0.82. The stock has a market capitalization of C$8.45 billion, a price-to-earnings ratio of 11.33, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13.

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

iA Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.82 dividend. The ex-dividend date was Thursday, February 29th. This is a positive change from iA Financial’s previous quarterly dividend of $0.77. This represents a $3.28 annualized dividend and a yield of 3.87%. iA Financial’s dividend payout ratio is 43.85%.

Insiders Place Their Bets

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

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.