FY2025 Earnings Forecast for iA Financial Issued By Cormark

iA Financial Co. Inc. (TSE:IAG) – Cormark upped their FY2025 earnings estimates for iA Financial in a note issued to investors on Thursday, May 8th. Cormark analyst L. Persaud now forecasts that the company will earn $12.33 per share for the year, up from their prior estimate of $12.29. 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 $13.48 EPS.

Several other analysts also recently weighed in on IAG. Scotiabank decreased their price target on shares of iA Financial from C$143.00 to C$140.00 and set a “sector perform” rating for the company in a research note on Thursday, May 1st. Desjardins raised their target price on shares of iA Financial from C$140.00 to C$145.00 and gave the company a “hold” rating in a research report on Thursday, February 20th. TD Securities increased their target price on iA Financial from C$140.00 to C$147.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. CIBC reduced their price target on iA Financial from C$149.00 to C$144.00 and set an “outperform” rating for the company in a research report on Thursday, May 1st. Finally, Royal Bank of Canada set a C$141.00 price objective on iA Financial and gave the company a “sector perform” rating in a research report on Tuesday, April 15th. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, iA Financial has an average rating of “Moderate Buy” and a consensus price target of C$139.75.

iA Financial Price Performance

Shares of IAG opened at C$137.55 on Monday. The firm has a market capitalization of C$12.91 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 1.26 and a beta of 1.13. iA Financial has a 1-year low of C$84.29 and a 1-year high of C$141.88. The company has a 50-day moving average of C$130.30 and a 200 day moving average of C$130.55.

Insider Activity at iA Financial

In other news, Senior Officer Alain Bergeron sold 2,750 shares of the company’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of C$136.99, for a total value of C$376,722.50. Also, Senior Officer Renée Laflamme sold 10,000 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of C$136.33, for a total transaction of C$1,363,264.00. Insiders have sold a total of 22,750 shares of company stock valued at $3,094,308 in the last ninety days. Company insiders own 0.09% of the company’s stock.

iA Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.62%. iA Financial’s dividend payout ratio (DPR) is presently 31.25%.

About iA Financial

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.