iA Financial (IAG) Scheduled to Post Earnings on Tuesday

iA Financial (TSE:IAG) is set to issue its quarterly earnings data after the market closes on Tuesday, August 6th. Analysts expect the company to announce earnings of C$2.58 per share for the quarter.

iA Financial (TSE:IAG) last issued its earnings results on Thursday, May 9th. The company reported C$2.44 earnings per share for the quarter, topping analysts’ consensus estimates of C$2.38 by C$0.06. iA Financial had a net margin of 9.25% and a return on equity of 10.54%. The firm had revenue of C$1.60 billion during the quarter.

iA Financial Stock Performance

Shares of TSE IAG traded up C$1.29 during midday trading on Tuesday, hitting C$92.20. The company’s stock had a trading volume of 62,263 shares, compared to its average volume of 272,233. The firm has a market capitalization of C$9.07 billion, a price-to-earnings ratio of 12.56, a P/E/G ratio of 1.26 and a beta of 1.11. The company has a current ratio of 2.31, a quick ratio of 0.17 and a debt-to-equity ratio of 46.17. The stock has a fifty day moving average price of C$88.06 and a 200 day moving average price of C$87.56. iA Financial has a one year low of C$77.61 and a one year high of C$94.25.

iA Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, May 24th were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date was Thursday, May 23rd. iA Financial’s payout ratio is currently 45.30%.

Insider Activity

In related news, Director Denis Ricard sold 5,400 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of C$92.00, for a total transaction of C$496,800.00. In other iA Financial news, Director Denis Ricard sold 5,400 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of C$92.00, for a total value of C$496,800.00. Also, Senior Officer Michael Lee Stickney sold 1,000 shares of iA Financial stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of C$91.42, for a total transaction of C$91,420.00. Over the last ninety days, insiders sold 31,000 shares of company stock valued at $2,850,331. Insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

IAG has been the subject of several analyst reports. TD Securities raised their target price on iA Financial from C$108.00 to C$110.00 in a research note on Friday, July 12th. BMO Capital Markets increased their target price on shares of iA Financial from C$101.00 to C$102.00 in a research note on Friday, May 10th. Royal Bank of Canada boosted their price target on shares of iA Financial from C$101.00 to C$102.00 in a research report on Friday, May 10th. CIBC raised iA Financial from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from C$97.00 to C$100.00 in a research note on Friday, May 10th. Finally, Cormark upped their target price on iA Financial from C$103.00 to C$105.00 in a research note on Friday, May 10th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$89.94.

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.