FY2025 Earnings Estimate for iA Financial Issued By Cormark

Key Points

• Cormark has raised its FY2025 earnings per share estimate for iA Financial from $12.33 to $12.98, while maintaining a "Hold" rating on the stock.
• Royal Bank of Canada and CIBC have issued differing target prices for iA Financial, with CIBC lowering its target from C$149.00 to C$144.00.
• Insider selling has occurred recently, with notable transactions by Senior Officers Éric Jobin and Renée Laflamme totaling approximately C$1.6 million in shares sold.

iA Financial Co. Inc. (TSE:IAG - Free Report) - Stock analysts at Cormark raised their FY2025 earnings per share (EPS) estimates for iA Financial in a report issued on Wednesday, August 6th. Cormark analyst L. Persaud now anticipates that the company will post earnings of $12.98 per share for the year, up from their prior forecast of $12.33. Cormark currently has a "Hold" rating on the stock. 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 $13.71 EPS.

Other research analysts also recently issued research reports about the company. BMO Capital Markets upped their price objective on iA Financial from C$148.00 to C$160.00 in a report on Friday, July 11th. CIBC lowered 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 research report on Thursday, May 1st. Scotiabank upgraded iA Financial to a "strong-buy" rating in a report on Thursday, July 31st. Royal Bank Of Canada increased their target price on iA Financial from C$142.00 to C$151.00 and gave the stock a "sector perform" rating in a report on Thursday. Finally, National Bankshares increased their target price on iA Financial from C$141.00 to C$146.00 and gave the stock a "sector perform" rating in a report on Wednesday, August 6th. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of C$145.88.

iA Financial Stock Performance

Shares of IAG stock traded up C$1.14 during trading hours on Thursday, hitting C$142.41. The company had a trading volume of 69,647 shares, compared to its average volume of 251,524. The firm's fifty day moving average is C$142.92 and its 200 day moving average is C$135.95. iA Financial has a 12 month low of C$97.00 and a 12 month high of C$151.29. The firm has a market capitalization of C$13.36 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 1.26 and a beta of 1.13.

Insiders Place Their Bets

In other iA Financial news, Director Denis Ricard sold 8,000 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of C$143.00, for a total transaction of C$1,144,000.00. Also, Senior Officer Éric Jobin sold 1,500 shares of iA Financial stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of C$142.89, for a total transaction of C$214,341.00. Insiders sold 34,000 shares of company stock worth $4,787,980 over the last three months. Insiders own 0.09% of the company's stock.

About iA Financial

iA Financial Corp Inc is a life and health insurance company. It offers life and health insurance products, savings and retirement plans, mutual funds, securities, auto and home insurance, mortgages, and others. The company operates and manages its activities according to five main reportable operating segments Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement, and US Operations.