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

iA Financial Co. Inc. (TSE:IAG - Free Report) - Equities researchers at Cormark boosted their FY2025 earnings estimates for iA Financial in a report released on Thursday, May 8th. Cormark analyst L. Persaud now expects that the company will earn $12.33 per share for the year, up from their prior forecast of $12.29. 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 $13.48 EPS.

A number of other equities research analysts have also issued reports on the company. Desjardins upped their price target on iA Financial from C$140.00 to C$145.00 and gave the company a "hold" rating in a research report on Thursday, February 20th. BMO Capital Markets upped their price objective on shares of iA Financial from C$140.00 to C$150.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. CIBC dropped their price objective on shares of iA Financial from C$149.00 to C$144.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. TD Securities upped their price objective on shares of iA Financial from C$140.00 to C$147.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, Royal Bank of Canada set a C$141.00 price objective on shares of iA Financial and gave the company a "sector perform" rating in a report on Tuesday, April 15th. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, iA Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of C$139.75.

iA Financial Stock Performance

Shares of IAG stock traded up C$1.75 during trading hours on Monday, reaching C$139.30. The company had a trading volume of 194,196 shares, compared to its average volume of 260,795. The stock has a fifty day moving average of C$130.30 and a 200-day moving average of C$130.55. The company has a market capitalization of C$13.07 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 1.26 and a beta of 1.13. iA Financial has a 12-month low of C$84.29 and a 12-month high of C$141.88.

Insiders Place Their Bets

In other news, Senior Officer Alain Bergeron sold 2,750 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of C$134.01, for a total value of C$368,525.85. Also, Director Denis Ricard sold 6,200 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of C$139.50, for a total transaction of C$864,900.00. Insiders sold a total of 28,950 shares of company stock valued at $3,959,208 over the last 90 days. 0.09% of the stock is owned by company insiders.

iA Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.58%. iA Financial's dividend payout ratio (DPR) is presently 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.