Should I buy or sell iA Financial stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for iA Financial in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" IAG shares. View IAG analyst ratings or view top-rated stocks .

What is iA Financial's stock price target for 2024?

7 brokers have issued 1-year price targets for iA Financial's stock. Their IAG share price targets range from C$3.50 to C$102.00. On average, they expect the company's stock price to reach C$69.85 in the next twelve months. This suggests that the stock has a possible downside of 14.4%. View analysts price targets for IAG or view top-rated stocks among Wall Street analysts .

How have IAG shares performed in 2024?

iA Financial's stock was trading at C$90.33 at the beginning of the year. Since then, IAG stock has decreased by 9.7% and is now trading at C$81.57. View the best growth stocks for 2024 here .

When is iA Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024. View our IAG earnings forecast .

How were iA Financial's earnings last quarter?

iA Financial Co. Inc. (TSE:IAG) released its earnings results on Tuesday, February, 20th. The company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.49 by $0.15. The firm earned $1.55 billion during the quarter. iA Financial had a net margin of 9.95% and a trailing twelve-month return on equity of 11.14%.

How often does iA Financial pay dividends? What is the dividend yield for iA Financial?

iA Financial declared a quarterly dividend on Tuesday, February 20th. Stockholders of record on Friday, March 1st will be paid a dividend of 0.82 per share on Friday, March 15th. This represents a $3.28 annualized dividend and a dividend yield of 4.02%. The ex-dividend date is Thursday, February 29th. This is an increase from the stock's previous quarterly dividend of C$0.77. Read our dividend analysis for IAG .

Is iA Financial a good dividend stock?

iA Financial (TSE:IAG) pays an annual dividend of C$3.28 per share and currently has a dividend yield of 3.88%. The dividend payout ratio is 43.85%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for IAG .

What other stocks do shareholders of iA Financial own?

Based on aggregate information from My MarketBeat watchlists, some companies that other iA Financial investors own include Bank of America (BAC) , Air Canada (AC) , Toronto-Dominion Bank (TD) , Cimarex Energy (XEC) , BCE (BCE) , Cenovus Energy (CVE) , Intelsat (I) , Bank of Nova Scotia (BNS) , TELUS (T) and Bank of Montreal (BMO) .

How do I buy shares of iA Financial?

Shares of IAG stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

TSE:IAG

iA Financial (IAG) Stock Price, News & Analysis

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Free IAG Stock Alerts

C$81.57

+0.28 (+0.34%)

(As of 04/17/2024 ET)

Compare

Today's Range: C$80.95
▼
C$82.60
50-Day Range: C$81.29
▼
C$93.75
52-Week Range: C$77.61
▼
C$93.90

Volume: 204,308 shs
Average Volume: 220,461 shs
Market Capitalization: C$8.13 billion

P/E Ratio: 10.91
Dividend Yield: 4.02%
Price Target: C$69.85

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

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iA Financial MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.71 Rating Score
Upside/Downside: 14.4% Downside
C$69.85 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.30
Based on 8 Articles This Week
Insider Trading: Selling Shares
C$975,169 Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.23 out of 5 stars

2.4

Analyst's Opinion

Consensus Rating
iA Financial has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.
Amount of Analyst Coverage
iA Financial has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for IAG.

2.5

Dividend Strength

Dividend Leadership
iA Financial is a leading dividend payer. It pays a dividend yield of 3.88%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
iA Financial does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of iA Financial is 43.85%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for IAG.

2.4

News and Social Media Coverage

News Sentiment
iA Financial has a news sentiment score of 0.30. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Financial Services companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for iA Financial this week, compared to 1 article on an average week.
Search Interest
Only 23 people have searched for IAG on MarketBeat in the last 30 days. This is a decrease of -30% compared to the previous 30 days.
MarketBeat Follows
2 people have added iA Financial to their MarketBeat watchlist in the last 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, iA Financial insiders have sold 178.39% more of their company's stock than they have bought. Specifically, they have bought C$350,283.00 in company stock and sold C$975,169.00 in company stock.
Percentage Held by Insiders
Only 0.15% of the stock of iA Financial is held by insiders.
Percentage Held by Institutions
47.12% of the stock of iA Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of iA Financial is 10.91, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.94.
Price to Earnings Ratio vs. Sector
The P/E ratio of iA Financial is 10.91, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 430.47.
Price to Earnings Growth Ratio
iA Financial has a PEG Ratio of 1.26. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
iA Financial has a P/B Ratio of 1.22. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About iA Financial Stock (TSE:IAG)

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. It also offers savings plans, retirement funds and segregated funds, securities brokerage services, trust operations, and mutual funds. In addition, the company provides car, life, RV, mortgage, disability, travel, medical and paramedical care, vision and dental care, accidental death and dismemberment, transit, and critical illness insurance products. Further, it offers investments; registered retirement income and life income funds, and annuities; registered education savings plans; investment funds; wealth management solutions; and registered retirement and education savings plan, auto, and investment loans. Additionally, the company owns and manages real estate portfolio of commercial space for lease for offices, businesses, etc.; and manufactures and distributes automobile protection products, as well as provides vehicle warranty and related software and services; digital property and casualty insurance distribution services; life insurance and mutual fund brokerage services; and automobile warranty services. iA Financial Corporation Inc. was founded in 1892 and is headquartered in Quebec City, Canada.

IAG Stock Price History

30 days | 90 days | 365 days | Advanced Chart

IAG Stock News Headlines

March 27, 2024 | insidertrades.com

iA Financial Co. Inc. (TSE:IAG) Senior Officer Sells C$422,937.00 in Stock

April 12, 2024 | msn.com

Low-Risk Investors: Why IAG Stock Could Be Your Best Bet Yet!

April 17, 2024 | Gold Safe Exchange (Ad)

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Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

April 12, 2024 | americanbankingnews.com

iA Financial Co. Inc. (TSE:IAG) Expected to Post Q1 2024 Earnings of $2.40 Per Share

April 11, 2024 | finance.yahoo.com

Should You Be Adding iA Financial (TSE:IAG) To Your Watchlist Today?

April 10, 2024 | finance.yahoo.com

The Dividend Dilemma: Steering Clear of Corby Spirit and Wine and Spotlighting One Superior Stock Pick

April 10, 2024 | msn.com

Kim Reynolds signs Iowa farmland law regulating foreign ownership. Here's what it does:

April 9, 2024 | americanbankingnews.com

iA Financial Co. Inc. (TSE:IAG) Receives Consensus Rating of "Moderate Buy" from Analysts

April 17, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

April 2, 2024 | msn.com

Iowa retains AAA bond rating for strong finance management

March 31, 2024 | theglobeandmail.com

iA Financial: Stocks Undervalued by Analyst Consensus on TSX (IAG)

March 28, 2024 | finance.yahoo.com

iA Financial Group will hold its Annual Meetings on May 9 and has made available its Annual Report and the meeting documentation

March 28, 2024 | msn.com

Rare exhibition for revolutionary sculptor Brancusi in Paris

March 12, 2024 | fool.ca

How to Build a Bulletproof Monthly Passive Income Portfolio With Just $10,000 and IAG Stock

March 12, 2024 | msn.com

Farm insurer joins others in pulling back from Iowa after increased storms

February 28, 2024 | finance.yahoo.com

iA Financial's (TSE:IAG) Shareholders Will Receive A Bigger Dividend Than Last Year

February 21, 2024 | ca.finance.yahoo.com

TFSA: The Best TSX Stocks to Invest $7,000 for February 2024?

February 20, 2024 | finance.yahoo.com

iA Financial Corporation Inc. Announces 7% Increase in the Dividend on Its Common Shares and Industrial Alliance Insurance and Financial Services Inc. Announces the Payment of a Dividend on Its Preferred Shares

February 17, 2024 | wsj.com

iA Financial Corp. Inc.

February 14, 2024 | msn.com

Lawmakers aim to outsource Iowa audits. Auditor's office says it's 'recipe for corruption'

February 12, 2024 | msn.com

While growth flattens for most Des Moines metro financial firms, private equity booming

February 6, 2024 | finance.yahoo.com

Conference call notice - iA Financial Group announces date of 2023 fourth quarter earnings results

February 4, 2024 | ca.finance.yahoo.com

Suze Orman: Women Need To Follow 3 Financial Strategies for a Secure Future

January 30, 2024 | seekingalpha.com

iA Financial: Why I'm Picking This Insurer Over The Rest

January 11, 2024 | msn.com

Growth-to-Value Rotation? 2 Top Income Stocks That Could Rise in 2024

January 9, 2024 | finance.yahoo.com

Alka Gautam joins the Board of Directors of iA Financial Corporation Inc.

January 9, 2024 | msn.com

Iowa auditor uncovers nearly $55,000 in Improper spending at Lucas County Health Department

See More Headlines

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Company Calendar

Last Earnings: 2/20/2024
Ex-Dividend for 3/15 Dividend: 2/29/2024
Dividend Payable: 3/15/2024
Today: 4/17/2024
Next Earnings (Estimated): 5/08/2024

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Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Financial Services
Industry: Insurance - Diversified
Sub-Industry: N/A
Current Symbol: TSE:IAG
CUSIP: N/A
CIK: N/A
Web: ia.ca
Phone: +1-418-6845000
Fax: N/A
Employees: 5,222
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$69.85
High Stock Price Target: C$102.00
Low Stock Price Target: C$3.50
Potential Upside/Downside: -14.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.71
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$7.48
Trailing P/E Ratio: 10.91
Forward P/E Ratio: 7.89
P/E Growth: 1.26
Net Income: C$769 million
Net Margins: 9.95%
Pretax Margin: N/A
Return on Equity: 11.14%
Return on Assets: 0.75%

Debt

Debt-to-Equity Ratio: 34.57
Current Ratio: 0.82
Quick Ratio: 0.17

Sales & Book Value

Annual Sales: C$7.93 billion
Price / Sales: 1.02
Cash Flow: C$17.86 per share
Price / Cash Flow: 4.57
Book Value: C$66.87 per share
Price / Book: 1.22

Miscellaneous

Outstanding Shares: 99,640,000
Free Float: N/A
Market Cap: C$8.13 billion
Optionable: Not Optionable
Beta: 1.13

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Key Executives

Mr. Denis Yves Ricard B.Sc. (Age 62)
F.S.A., FCIA, CEO, President & Director
Comp: $2.24M
Mr. Eric Jobin B.Sc.
F.S.A., FCIA, Executive VP, CFO, & Chief Actuary
Mr. Alain Bergeron M.Sc.
Executive VP & Chief Investment Officer
Mr. Michael Lee Stickney B.S.
C.F.A., F.S.A., FCIA, M.B.A., Executive VP, Chief Growth Officer US Operations & Co-Head of Acquisitions
Mr. Pierre C. Miron (Age 66)
Executive VP & Chief Growth Officer Canadian Operations
Comp: $1.24M
Ms. Manon Gauthier CPA
CA, CFA, Senior Vice-President of Administration, Individual Savings & Retirement
Ms. Marie-Annick Bonneau
Head of Investor Relations
Pierre Picard
Manager of Public Relations
Mr. Gary J. Coles
Senior Vice President of Administration & Group Insurance
Mr. Paul R. Grimes C.L.U.
CFP, ChFC, Senior VP of Distribution Independent Advisor Network Individual Insurance, Savings & Retirement

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

IAG Stock Analysis - Frequently Asked Questions

Should I buy or sell iA Financial stock right now?: 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for iA Financial in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" IAG shares.
View IAG analyst ratings or view top-rated stocks.
What is iA Financial's stock price target for 2024?: 7 brokers have issued 1-year price targets for iA Financial's stock. Their IAG share price targets range from C$3.50 to C$102.00. On average, they expect the company's stock price to reach C$69.85 in the next twelve months. This suggests that the stock has a possible downside of 14.4%.
View analysts price targets for IAG or view top-rated stocks among Wall Street analysts.
How have IAG shares performed in 2024?: iA Financial's stock was trading at C$90.33 at the beginning of the year. Since then, IAG stock has decreased by 9.7% and is now trading at C$81.57.
View the best growth stocks for 2024 here.
When is iA Financial's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our IAG earnings forecast.
How were iA Financial's earnings last quarter?: iA Financial Co. Inc. (TSE:IAG) released its earnings results on Tuesday, February, 20th. The company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.49 by $0.15. The firm earned $1.55 billion during the quarter. iA Financial had a net margin of 9.95% and a trailing twelve-month return on equity of 11.14%.

How often does iA Financial pay dividends? What is the dividend yield for iA Financial?: iA Financial declared a quarterly dividend on Tuesday, February 20th. Stockholders of record on Friday, March 1st will be paid a dividend of 0.82 per share on Friday, March 15th. This represents a $3.28 annualized dividend and a dividend yield of 4.02%. The ex-dividend date is Thursday, February 29th. This is an increase from the stock's previous quarterly dividend of C$0.77.
Read our dividend analysis for IAG.
Is iA Financial a good dividend stock?: iA Financial (TSE:IAG) pays an annual dividend of C$3.28 per share and currently has a dividend yield of 3.88%. The dividend payout ratio is 43.85%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for IAG.
What other stocks do shareholders of iA Financial own?: Based on aggregate information from My MarketBeat watchlists, some companies that other iA Financial investors own include Bank of America (BAC), Air Canada (AC), Toronto-Dominion Bank (TD), Cimarex Energy (XEC), BCE (BCE), Cenovus Energy (CVE), Intelsat (I), Bank of Nova Scotia (BNS), TELUS (T) and Bank of Montreal (BMO).
How do I buy shares of iA Financial?: Shares of IAG stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:IAG) was last updated on 4/17/2024 by MarketBeat.com Staff

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iA Financial (IAG) Stock Price, News & Analysis

iA Financial MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About iA Financial Stock (TSE:IAG)

IAG Stock Price History

IAG Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

IAG Stock Analysis - Frequently Asked Questions

Overall MarketRank^™