FY2025 Earnings Forecast 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) - Cormark increased their FY2025 earnings estimates for shares of iA Financial in a report released on Wednesday, August 6th. Cormark analyst L. Persaud now expects that the company will post earnings of $12.98 per share for the year, up from their previous estimate 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.

Several other brokerages also recently commented on IAG. Royal Bank Of Canada lifted their target price on shares of iA Financial from C$142.00 to C$151.00 and gave the stock a "sector perform" rating in a report on Thursday. Scotiabank raised shares of iA Financial to a "strong-buy" rating in a report on Thursday, July 31st. TD Securities boosted 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. National Bankshares boosted their price objective on shares of iA Financial from C$141.00 to C$146.00 and gave the company a "sector perform" rating in a report on Wednesday. Finally, CIBC cut 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. Five analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of C$145.88.

iA Financial Stock Performance

Shares of IAG stock traded down C$1.17 during midday trading on Thursday, hitting C$141.27. 231,183 shares of the company were exchanged, compared to its average volume of 252,778. The firm has a market capitalization of C$13.25 billion, a P/E ratio of 13.46, a PEG ratio of 1.26 and a beta of 1.13. The firm's 50 day moving average price is C$142.92 and its two-hundred day moving average price is C$135.90. iA Financial has a 52 week low of C$96.00 and a 52 week high of C$151.29.

Insider Activity

In other news, Senior Officer Éric Jobin sold 1,500 shares of the business's 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 value of C$214,341.00. Also, Director Denis Ricard sold 8,000 shares of the business'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. Insiders have sold a total of 44,000 shares of company stock valued at $6,151,244 over the last quarter. 0.09% of the stock is owned by corporate insiders.

iA Financial Company Profile

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.