iA Financial Co. Inc. (TSE:IAG - Free Report) - Equities researchers at Cormark dropped their FY2024 earnings estimates for iA Financial in a note issued to investors on Thursday, April 25th. Cormark analyst L. Persaud now anticipates that the company will post earnings per share of $10.31 for the year, down from their prior estimate of $10.34. The consensus estimate for iA Financial's current full-year earnings is $10.34 per share.
iA Financial (TSE:IAG - Get Free Report) last released its quarterly earnings data on Tuesday, February 20th. The company reported C$2.34 earnings per share for the quarter, missing analysts' consensus estimates of C$2.49 by C($0.15). iA Financial had a return on equity of 11.14% and a net margin of 9.95%. The company had revenue of C$1.55 billion for the quarter.
Several other equities analysts have also recently issued reports on the stock. CIBC boosted their price objective on shares of iA Financial from C$95.00 to C$97.00 and gave the company a "neutral" rating in a research note on Wednesday, January 31st. BMO Capital Markets boosted their price objective on shares of iA Financial from C$99.00 to C$101.00 and gave the company an "outperform" rating in a research note on Thursday, January 25th. National Bankshares dropped their price objective on shares of iA Financial from C$104.00 to C$102.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 21st. Desjardins dropped their price objective on shares of iA Financial from C$94.00 to C$89.00 and set a "hold" rating on the stock in a research note on Thursday, February 22nd. Finally, Scotiabank dropped their price objective on shares of iA Financial from C$104.00 to C$95.00 and set an "outperform" rating on the stock in a research note on Thursday, February 22nd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$77.22.
View Our Latest Stock Analysis on IAG
iA Financial Stock Performance
Shares of iA Financial stock traded up C$1.18 during trading on Friday, reaching C$84.76. The company's stock had a trading volume of 198,637 shares, compared to its average volume of 226,879. The company has a 50-day moving average price of C$85.41 and a two-hundred day moving average price of C$87.15. The firm has a market cap of C$8.45 billion, a PE ratio of 11.33, a P/E/G ratio of 1.26 and a beta of 1.13. iA Financial has a fifty-two week low of C$77.61 and a fifty-two week high of C$93.90. The company has a current ratio of 0.82, a quick ratio of 0.17 and a debt-to-equity ratio of 34.57.
iA Financial Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.82 per share. This is a boost from iA Financial's previous quarterly dividend of $0.77. This represents a $3.28 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend was Thursday, February 29th. iA Financial's dividend payout ratio (DPR) is currently 43.85%.
Insiders Place Their Bets
In other iA Financial news, Senior Officer Michael Lee Stickney sold 1,400 shares of the firm's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of C$85.07, for a total transaction of C$119,091.98. In related news, Senior Officer Alain Bergeron sold 5,000 shares of the firm's stock in a transaction that occurred on 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 Michael Lee Stickney sold 1,400 shares of the firm's stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of C$85.07, for a total transaction of C$119,091.98. Insiders have sold 11,400 shares of company stock valued at $975,169 in the last ninety days. Insiders own 0.15% of the company's stock.
About iA Financial
(
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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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