National Bank Financial Comments on iA Financial Q3 Earnings

iA Financial Co. Inc. (TSE:IAG) – National Bank Financial reduced their Q3 2024 earnings estimates for iA Financial in a note issued to investors on Thursday, October 24th. National Bank Financial analyst G. Dechaine now anticipates that the company will post earnings of $2.61 per share for the quarter, down from their prior forecast of $2.63. National Bank Financial has a “Hold” rating on the stock. The consensus estimate for iA Financial’s current full-year earnings is $11.62 per share. National Bank Financial also issued estimates for iA Financial’s Q4 2024 earnings at $2.69 EPS and FY2025 earnings at $11.38 EPS.

iA Financial (TSE:IAG) last issued its earnings results on Tuesday, August 6th. The company reported C$2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$2.58 by C$0.17. The business had revenue of C$1.64 billion during the quarter. iA Financial had a return on equity of 10.51% and a net margin of 9.02%.

Other equities analysts have also issued reports about the stock. TD Securities boosted their price target on shares of iA Financial from C$110.00 to C$114.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Royal Bank of Canada boosted their target price on iA Financial from C$102.00 to C$105.00 and gave the stock a “moderate buy” rating in a report on Thursday, August 8th. Scotiabank raised their price target on iA Financial from C$100.00 to C$110.00 in a report on Thursday, August 8th. CIBC boosted their price objective on iA Financial from C$100.00 to C$106.00 in a research note on Thursday, August 8th. Finally, BMO Capital Markets raised their target price on iA Financial from C$102.00 to C$111.00 in a research note on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, iA Financial presently has a consensus rating of “Hold” and a consensus target price of C$107.25.

iA Financial Stock Performance

iA Financial stock opened at C$112.94 on Monday. The firm has a market capitalization of C$10.75 billion, a P/E ratio of 15.12, a P/E/G ratio of 1.26 and a beta of 1.13. The stock has a fifty day moving average price of C$108.61 and a two-hundred day moving average price of C$94.90. iA Financial has a 52-week low of C$77.61 and a 52-week high of C$119.25. The company has a debt-to-equity ratio of 46.39, a current ratio of 2.22 and a quick ratio of 0.17.

iA Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 23rd were issued a dividend of $0.82 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $3.28 annualized dividend and a yield of 2.90%. iA Financial’s dividend payout ratio is currently 43.91%.

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.