Q4 Earnings Estimate for iA Financial Issued By Cormark

iA Financial Co. Inc. (TSE:IAG) – Cormark issued their Q4 2024 earnings per share estimates for shares of iA Financial in a note issued to investors on Tuesday, February 4th. Cormark analyst L. Persaud anticipates that the company will post earnings of $2.83 per share for the quarter. The consensus estimate for iA Financial’s current full-year earnings is $11.62 per share.

IAG has been the subject of several other reports. National Bank Financial cut iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. National Bankshares lifted their target price on iA Financial from C$118.00 to C$121.00 in a report on Wednesday, November 6th. Royal Bank of Canada downgraded shares of iA Financial from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from C$105.00 to C$137.00 in a report on Thursday, November 7th. CIBC boosted their price objective on shares of iA Financial from C$143.00 to C$144.00 in a research note on Thursday, January 30th. Finally, BMO Capital Markets increased their target price on shares of iA Financial from C$126.00 to C$140.00 in a research note on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$129.88.

iA Financial Trading Down 0.1 %

Shares of IAG stock opened at C$130.53 on Thursday. The stock has a market capitalization of C$12.42 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 1.26 and a beta of 1.13. The company’s fifty day simple moving average is C$132.60 and its two-hundred day simple moving average is C$116.90. iA Financial has a 1 year low of C$80.95 and a 1 year high of C$138.01. The company has a debt-to-equity ratio of 46.39, a current ratio of 2.22 and a quick ratio of 0.17.

iA Financial (TSE:IAG) last announced its quarterly earnings results on Tuesday, November 5th. The company reported C$2.93 EPS for the quarter, beating analysts’ consensus estimates of C$2.63 by C$0.30. iA Financial had a net margin of 9.02% and a return on equity of 10.51%.

Insiders Place Their Bets

In other news, Director Denis Ricard sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of C$137.00, for a total value of C$685,000.00. Also, Senior Officer Alain Bergeron sold 2,750 shares of the company’s stock in a transaction on Friday, December 27th. The shares were sold at an average price of C$133.64, for a total transaction of C$367,515.78. Insiders sold a total of 49,810 shares of company stock valued at $6,601,270 in the last quarter. Corporate insiders own 0.09% of the company’s stock.

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.