National Bank Financial Analysts Decrease Earnings Estimates for iA Financial Co. Inc. (TSE:IAG)

iA Financial Co. Inc. (TSE:IAG) – Analysts at National Bank Financial decreased their Q1 2024 earnings estimates for shares of iA Financial in a report issued on Thursday, April 25th. National Bank Financial analyst G. Dechaine now expects that the company will post earnings per share of $2.37 for the quarter, down from their previous estimate of $2.50. The consensus estimate for iA Financial’s current full-year earnings is $10.34 per share. National Bank Financial also issued estimates for iA Financial’s Q2 2024 earnings at $2.59 EPS, Q3 2024 earnings at $2.68 EPS and Q4 2024 earnings at $2.62 EPS.

iA Financial (TSE:IAG) last announced its earnings results on Tuesday, February 20th. The company reported C$2.34 EPS for the quarter, missing the consensus estimate 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 firm had revenue of C$1.55 billion during the quarter.

Several other brokerages have also recently commented on IAG. CIBC raised their target price on shares of iA Financial from C$95.00 to C$97.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. Desjardins decreased their target price on shares of iA Financial from C$94.00 to C$89.00 and set a “hold” rating for the company in a report on Thursday, February 22nd. Scotiabank decreased 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 report on Thursday, February 22nd. National Bankshares decreased 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 report on Wednesday, February 21st. Finally, 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 report on Thursday, January 25th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$77.22.

iA Financial Stock Performance

Shares of IAG opened at C$84.76 on Monday. iA Financial has a one year low of C$77.61 and a one year high of C$93.90. The company has a 50-day moving average of C$85.26 and a two-hundred day moving average of C$87.17. The stock has a market cap of C$8.45 billion, a price-to-earnings ratio of 11.33, a PEG ratio of 1.26 and a beta of 1.13. The company has a debt-to-equity ratio of 34.57, a current ratio of 0.82 and a quick ratio of 0.17.

Insider Activity at iA Financial

In other news, Senior Officer Michael Lee Stickney sold 1,400 shares of iA Financial 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 value of C$119,091.98. In other news, Senior Officer Alain Bergeron sold 5,000 shares of iA Financial 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 business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of C$85.07, for a total transaction of C$119,091.98. Over the last quarter, insiders have sold 11,400 shares of company stock valued at $975,169. 0.15% of the stock is currently owned by corporate insiders.

iA Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend was Thursday, February 29th. This is a positive change from iA Financial’s previous quarterly dividend of $0.77. iA Financial’s dividend payout ratio (DPR) is presently 43.85%.

iA Financial Company Profile

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.