iA Financial (TSE:IAG) Price Target Raised to C$145.00

iA Financial (TSE:IAG) had its target price hoisted by Desjardins from C$140.00 to C$145.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports. They currently have a hold rating on the stock. Desjardins also issued estimates for iA Financial’s Q1 2025 earnings at $2.81 EPS, Q2 2025 earnings at $3.01 EPS, Q3 2025 earnings at $3.16 EPS, FY2025 earnings at $12.10 EPS and FY2026 earnings at $13.20 EPS.

Other equities analysts also recently issued reports about the company. Cormark raised their price objective on iA Financial from C$127.00 to C$130.00 in a research report on Wednesday, November 6th. CIBC raised their price target on shares of iA Financial from C$144.00 to C$149.00 and gave the stock an “outperform” rating in a report on Thursday. BMO Capital Markets upped their price objective on shares of iA Financial from C$140.00 to C$150.00 and gave the company an “outperform” rating in a research note on Thursday. National Bank Financial cut shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, TD Securities boosted their target price on shares of iA Financial from C$143.00 to C$146.00 and gave the company a “buy” rating in a report on Wednesday. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$140.63.

iA Financial Stock Down 1.6 %

TSE IAG opened at C$127.12 on Thursday. The company has a market capitalization of C$11.93 billion, a price-to-earnings ratio of 12.11, a PEG ratio of 1.26 and a beta of 1.13. iA Financial has a twelve month low of C$80.95 and a twelve month high of C$141.88. The stock has a fifty day simple moving average of C$131.62 and a 200 day simple moving average of C$120.30.

iA Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.83%. iA Financial’s dividend payout ratio (DPR) is presently 31.25%.

Insider Buying and Selling at iA Financial

In related news, Senior Officer Alain Bergeron sold 510 shares of the business’s stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of C$133.58, for a total value of C$68,125.80. Also, Director Denis Ricard sold 5,000 shares of the stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$137.00, for a total transaction of C$685,000.00. Over the last ninety days, insiders sold 11,010 shares of company stock valued at $1,489,142. Company insiders own 0.09% of the company’s stock.

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.