iA Monetary (TSE:IAG – Free Report) had its goal worth upped by Cormark from C$127.00 to C$130.00 in a analysis report despatched to buyers on Wednesday morning,BayStreet.CA studies. Cormark additionally issued estimates for iA Monetary’s FY2024 earnings at $10.84 EPS and FY2025 earnings at $12.05 EPS.
A number of different analysis analysts have additionally lately weighed in on IAG. Scotiabank boosted their worth goal on iA Monetary from C$110.00 to C$126.00 and gave the inventory an “outperform” ranking in a analysis report on Wednesday, October thirtieth. Nationwide Financial institution Monetary downgraded shares of iA Monetary from a “strong-buy” ranking to a “maintain” ranking in a report on Thursday, October twenty fourth. TD Securities elevated their goal worth on shares of iA Monetary from C$132.00 to C$135.00 in a analysis report on Wednesday. Nationwide Bankshares minimize shares of iA Monetary from an “outperform” ranking to a “sector carry out” ranking and lifted their worth goal for the inventory from C$102.00 to C$118.00 in a report on Friday, October twenty fifth. Lastly, CIBC elevated their worth goal on iA Monetary from C$106.00 to C$120.00 and gave the corporate an “outperform” ranking in a report on Wednesday, October thirtieth. 4 analysts have rated the inventory with a maintain ranking, 4 have given a purchase ranking and one has issued a powerful purchase ranking to the corporate’s inventory. Based mostly on knowledge from MarketBeat, iA Monetary presently has a consensus ranking of “Reasonable Purchase” and a mean goal worth of C$128.50.
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iA Monetary Inventory Down 1.8 %
iA Monetary inventory opened at C$127.99 on Wednesday. iA Monetary has a fifty-two week low of C$80.95 and a fifty-two week excessive of C$134.29. The corporate has a debt-to-equity ratio of 46.39, a fast ratio of 0.17 and a present ratio of two.22. The agency’s 50-day easy transferring common is C$112.36 and its 200 day easy transferring common is C$97.25. The inventory has a market cap of C$12.18 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13.
iA Monetary (TSE:IAG – Get Free Report) final introduced its earnings outcomes on Tuesday, August sixth. The corporate reported C$2.75 earnings per share for the quarter, topping analysts’ consensus estimates of C$2.58 by C$0.17. The agency had income of C$1.64 billion for the quarter. iA Monetary had a return on fairness of 10.51% and a internet margin of 9.02%. Analysis analysts predict that iA Monetary will submit 11.6187564 EPS for the present fiscal 12 months.
iA Monetary Will increase Dividend
The enterprise additionally lately declared a quarterly dividend, which shall be paid on Monday, December sixteenth. Traders of document on Friday, November twenty second shall be issued a $0.90 dividend. The ex-dividend date is Friday, November twenty second. This represents a $3.60 annualized dividend and a yield of two.81%. It is a enhance from iA Monetary’s earlier quarterly dividend of $0.82. iA Monetary’s payout ratio is 43.91%.
Insider Exercise
In different iA Monetary information, Senior Officer Michael Lee Stickney bought 1,000 shares of the agency’s inventory in a transaction dated Thursday, November seventh. The shares had been bought at a mean worth of C$130.60, for a complete worth of C$130,600.00. In different information, Director Denis Ricard bought 7,200 shares of the corporate’s inventory in a transaction dated Thursday, November seventh. The shares had been bought at a mean worth of C$131.00, for a complete worth of C$943,200.00. Additionally, Senior Officer Michael Lee Stickney bought 1,000 shares of the inventory in a transaction dated Thursday, November seventh. The inventory was bought at a mean worth of C$130.60, for a complete transaction of C$130,600.00. Insiders personal 0.09% of the corporate’s inventory.
About iA Monetary
iA Monetary Company Inc, offers insurance coverage and wealth administration companies in Canada and the USA. The corporate operates by Insurance coverage, Canada; Wealth Administration; Funding; and US Operations segments. The corporate offers well being, auto, residence, and creditor insurance coverage merchandise; alternative insurance coverage merchandise and warranties; prolonged warranties and different ancillary merchandise for seller companies; specialised merchandise for particular markets; and life insurance coverage merchandise and prolonged warranties referring to seller companies.
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