IAG : iA Financial Corporation Inc Stock Profile

Last Updated: 3/12/2024 0:47:16

iA Financial Corporation Inc trades with the ticker IAG on the TSX and is in the Insurance – Diversified industry.

iA Financial Corporation Inc., provides insurance and wealth management services in Canada and the United States. The company operates through Insurance, Canada; Wealth Management; and US Operations segments. The Insurance, Canada segment provides life and health insurance products, auto and home insurance products, creditor insurance, replacement insurance and warranties, extended warranties and other ancillary products for dealer services, and specialized products for special markets. The Wealth Management segment offers products and services for savings plans, retirement funds and segregated funds, and securities brokerage, trust operations, and mutual funds. The US Operations segment provides life insurance products and extended warranties relating to dealer services sold in the United States. It also offers vehicle warranty and related software and services; digital property and casualty insurance distribution; life insurance and mutual fund brokerage; and automobile warranty services, as well as manufactures and distributes automobile protection products. iA Financial Corporation Inc. was founded in 1892 and is headquartered in Québec, Canada.

Looking to invest in iA Financial Corporation Inc? Our analysis brings in the key facts, competitor research and valuation metrics for you to make an informed decision.

IAG.TO Stock Price and Key Stats

ETF Key Stats

Exchange: TSX

Market Cap : $8717.74MM

PE Ratio: 11.696

Price: 3.2 (Updated: 3/12/2024 0:47:16)

iA Financial Corporation Inc (IAG) vs Competitors in Insurance – Diversified

Lets see how IAG.TO stacks up against others in the Insurance – Diversified asset management industry. We have identified its main peers as:

Sun Life Financial Inc


Insurance – Diversified Industry Comparisons

Company Market Cap ($MM) P/E Ratio EV/EBITDA Dividend Yield
iA Financial Corporation Inc (IAG) $8,717.74 11.696 0.0 3.8%
Sun Life Financial Inc (SLF) $43,385.463 14.108 0.0 4.2%

EV/EBITDA: Enterprise Value to Earnings Before Interest, Taxes, Depreciation, and Amortization – this ratio compares the value of a company, including debt, to the company’s cash earnings less non-cash expenses
Industry: companies that have a lot in common
Market Cap: Market Capitalization – the total value of all a corporation’s stock
N/A: Not Applicable or Not Available
P/E: Price-to-Earnings – this ratio relates a corporation’s share price to its earnings per share
Price: Stock Price – current value to buyers and sellers
Dividend Yield: Dividend or Distribution Yield  

Comparisons within Insurance – Diversified

  • iA Financial Corporation Inc (IAG) vs Sun Life Financial Inc (SLF)
    • IAG has higher EPS (7.48 vs 5.26). SLF has higher dividend yield (4.2% vs 3.8%). SLF has a higher P/E ratio (14.108 vs 11.696) indicating it’s more expensive.

Our Recommendation: Hold
Shows positive EPS growth from this year to next, suggesting improving profitability.

How to Buy IAG stock on the TSX

You can buy on pretty much any online brokerage in Canada, since it trades on the TSX. If you are looking for some easy options take a look at these two:

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Author Bio - Qayyum Rajan is a CFA Charterholder with 10+ years of finance experience and the co-creator of Wealthawesome.com. He has previously worked as a portfolio manager at RBC Dominion Securities and other roles at asset managers like Sentry Investments. He then started building websites and fintech apps to bring finance to everyone.

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