iA Financial Co. Inc. (TSE:IAG - Free Report) - Desjardins lowered their Q1 2024 EPS estimates for iA Financial in a research note issued on Tuesday, April 9th. Desjardins analyst D. Young now forecasts that the company will post earnings per share of $2.40 for the quarter, down from their previous estimate of $2.45. Desjardins currently has a "Hold" rating and a $89.00 price target on the stock. The consensus estimate for iA Financial's current full-year earnings is $10.34 per share.
A number of other research analysts have also recently commented on IAG. Scotiabank cut 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 research note on Thursday, February 22nd. National Bankshares cut 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 research note on Wednesday, February 21st. BMO Capital Markets raised their price target on shares of iA Financial from C$99.00 to C$101.00 and gave the stock an "outperform" rating in a research note on Thursday, January 25th. Finally, CIBC raised their price target on shares of iA Financial from C$95.00 to C$97.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 31st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$69.85.
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iA Financial Stock Performance
Shares of TSE IAG traded down C$0.14 during mid-day trading on Thursday, hitting C$82.71. The company had a trading volume of 243,530 shares, compared to its average volume of 220,561. The company has a debt-to-equity ratio of 34.57, a current ratio of 0.82 and a quick ratio of 0.17. The business's 50-day simple moving average is C$87.31 and its 200-day simple moving average is C$87.31. iA Financial has a 12 month low of C$77.61 and a 12 month high of C$93.90. The firm has a market cap of C$8.24 billion, a P/E ratio of 11.06, a PEG ratio of 1.26 and a beta of 1.13.
iA Financial (TSE:IAG - Get Free Report) last released its earnings results on Tuesday, February 20th. The company reported C$2.34 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of C$1.55 billion during the quarter.
Insider Activity at iA Financial
In related news, Senior Officer Denis Ricard purchased 4,000 shares of the firm's stock in a transaction that occurred on Monday, February 26th. The shares were acquired at an average price of C$86.00 per share, for a total transaction of C$344,000.00. In other iA Financial news, Senior Officer Alain Bergeron sold 5,000 shares of the business's stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$86.63, for a total value of C$433,140.00. Also, Senior Officer Denis Ricard acquired 4,000 shares of the business's stock in a transaction on Monday, February 26th. The stock was acquired at an average cost of C$86.00 per share, with a total value of C$344,000.00. In the last 90 days, insiders have sold 11,400 shares of company stock worth $975,169. Insiders own 0.15% of the company's stock.
iA Financial Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.82 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $3.28 dividend on an annualized basis and a yield of 3.97%. This is a positive change from iA Financial's previous quarterly dividend of $0.77. iA Financial's dividend payout ratio is 43.85%.
iA Financial Company Profile
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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.
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