What is Cormark’s Estimate for iA Financial FY2024 Earnings?

iA Financial Co. Inc. (TSE:IAG) – Equities researchers at Cormark upped their FY2024 earnings per share estimates for shares of iA Financial in a research note issued on Tuesday, February 4th. Cormark analyst L. Persaud now expects that the company will earn $10.93 per share for the year, up from their prior forecast of $10.84. The consensus estimate for iA Financial’s current full-year earnings is $11.62 per share. Cormark also issued estimates for iA Financial’s FY2025 earnings at $12.10 EPS and FY2026 earnings at $13.13 EPS.

Several other equities analysts have also recently weighed in on IAG. CIBC lifted their price objective on iA Financial from C$143.00 to C$144.00 in a report on Thursday, January 30th. TD Securities boosted their price target on iA Financial from C$132.00 to C$135.00 in a research note on Wednesday, November 6th. Cibc World Mkts upgraded shares of iA Financial from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. Scotiabank cut shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, National Bankshares increased their price target on shares of iA Financial from C$118.00 to C$121.00 in a research report on Wednesday, November 6th. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, iA Financial presently has an average rating of “Moderate Buy” and a consensus price target of C$129.88.

iA Financial Stock Down 0.1 %

TSE IAG opened at C$130.53 on Wednesday. The company has a current ratio of 2.22, a quick ratio of 0.17 and a debt-to-equity ratio of 46.39. The company has a market cap of C$12.42 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 1.26 and a beta of 1.13. The company has a 50 day moving average of C$132.60 and a 200-day moving average of C$116.90. iA Financial has a 1-year low of C$80.95 and a 1-year high of C$138.01.

iA Financial (TSE:IAG) last posted its quarterly earnings data on Tuesday, November 5th. The company reported C$2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$2.63 by C$0.30. iA Financial had a net margin of 9.02% and a return on equity of 10.51%.

Insiders Place Their Bets

In other news, Senior Officer Pierre Miron sold 15,000 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of C$129.23, for a total value of C$1,938,415.50. Also, Senior Officer Alain Bergeron sold 2,750 shares of the business’s stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of C$133.64, for a total transaction of C$367,515.78. Over the last quarter, insiders have sold 49,810 shares of company stock valued at $6,601,270. 0.09% of the stock is currently owned by insiders.

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.