Desjardins Analyzes iA Financial's Q1 Earnings Estimates

Analysts at Desjardins have recently released their earnings per share (EPS) estimates for iA Financial Co. Inc. (TSE:IAG) for the first quarter of 2025. The announcement was made in a research note to investors on February 19th. According to Desjardins analyst D. Young, the company is expected to report earnings of $2.81 per share for the first quarter.

Currently, Desjardins maintains a "Hold" rating for iA Financial stock, with a target price of C$145.00. In terms of broader financial expectations, the consensus for the company’s full-year earnings for the current year stands at C$11.62 per share. Desjardins also provided forecasts for the subsequent quarters, predicting earnings of $3.01 per share for Q2 2025, $3.16 per share for Q3 2025, total earnings of $12.10 per share for FY2025, and $13.20 per share for FY2026.

Revised Price Targets by Other Analysts

Other financial analysts have also revised their outlooks on iA Financial. BMO Capital Markets has upgraded its price target from C$140.00 to C$150.00, assigning the stock an "outperform" rating in their recent report. Similarly, Royal Bank of Canada increased its target from C$137.00 to C$141.00, giving it a "sector perform" rating. TD Securities raised its target from C$143.00 to C$146.00 with a "buy" recommendation, while CIBC adjusted their price objective from C$144.00 to C$149.00 with an "outperform" rating. National Bankshares also made an upward adjustment of their target price from C$118.00 to C$121.00.

Currently, five analysts have rated the stock as "hold," three have assigned a "buy" rating, and one analyst has given it a "strong buy" rating. According to MarketBeat, the average rating for iA Financial is "Moderate Buy," with a consensus target price of C$140.63.

iA Financial's Stock Performance

The stock opened at C$129.25 last Friday, and its current market capitalization is C$12.13 billion. The company has a price-to-earnings ratio of 12.31, a price-to-earnings-growth ratio of 1.26, and a beta of 1.13. Recent performance indicators include a 50-day moving average of C$131.75 and a 200-day moving average of C$120.05. Over the past year, iA Financial's stocks have ranged from a low of C$80.95 to a high of C$141.88.

Insider Transactions

In insider news, Director Denis Ricard sold 5,000 shares on December 5th at an average price of C$137.00, totaling C$685,000. Senior Officer Alain Bergeron also sold 2,750 shares at an average price of C$134.00, resulting in a total transaction value of C$368,500. Following this sale, he retains ownership of 500 shares, which are valued at approximately C$67,000. In the past ninety days, insiders have sold a total of 11,010 shares worth about C$1.49 million. Currently, insiders hold only 0.09% of the company's stock.

Dividend Announcement

iA Financial has announced a quarterly dividend, set to be paid on March 17th. Shareholders on record by February 28th will receive a dividend of C$0.90 per share, translating to an annualized dividend of C$3.60 and a yield of 2.79%. The current dividend payout ratio (DPR) for the company is 31.25%.

About iA Financial

iA Financial Corporation Inc. offers a range of insurance and wealth management services across Canada and the United States. The company operates in various segments, including Insurance, Wealth Management, Investment, and US Operations. Its product offerings include health, auto, home, and creditor insurance, along with life insurance products and extended warranties related to dealer services.

iA Financial, earnings, Desjardins