What is Cormark’s Forecast for iA Financial FY2025 Earnings?

iA Financial Co. Inc. (TSE:IAG) – Research analysts at Cormark lifted their FY2025 earnings per share estimates for iA Financial in a research note issued on Wednesday, February 19th. Cormark analyst L. Persaud now anticipates that the company will post earnings per share of $12.29 for the year, up from their previous estimate of $12.10. 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 $13.41 EPS.

Other analysts have also issued reports about the company. Royal Bank of Canada lowered iA Financial from an “outperform” rating to a “sector perform” rating and raised their price objective for the company from C$105.00 to C$137.00 in a report on Thursday, November 7th. National Bank Financial downgraded iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Cibc World Mkts upgraded iA Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. National Bankshares raised their target price on iA Financial from C$118.00 to C$121.00 in a research report on Wednesday, November 6th. Finally, CIBC raised their target price on iA Financial from C$143.00 to C$144.00 in a research report on Thursday, January 30th. Five investment 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 stock. Based on data from MarketBeat.com, iA Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of C$131.25.

iA Financial Trading Up 0.6 %

Shares of IAG opened at C$133.70 on Thursday. iA Financial has a 12 month low of C$80.95 and a 12 month high of C$141.88. The stock’s 50 day moving average is C$131.86 and its two-hundred day moving average is C$119.78. The firm has a market cap of C$12.54 billion, a P/E ratio of 12.74, a PEG ratio of 1.26 and a beta of 1.13.

iA Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 2.69%. iA Financial’s payout ratio is 31.25%.

Insider Buying and Selling

In related news, Director Denis Ricard sold 5,000 shares of iA Financial stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$137.00, for a total transaction of C$685,000.00. Also, Senior Officer Alain Bergeron sold 2,750 shares of the firm’s stock in a transaction on Thursday, November 28th. The stock was sold at an average price of C$134.00, for a total value of C$368,500.00. Following the sale, the insider now directly owns 500 shares of the company’s stock, valued at approximately C$67,000. This trade represents a 84.62 % decrease in their position. Over the last 90 days, insiders have sold 11,010 shares of company stock worth $1,489,142. 0.09% of the stock is owned by corporate insiders.

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.