iA Financial GroupIAG.TOBUYApr 24, 2025Stock price when the opinion was issued
As of Sep 14, 2026. Market Open.
They focus more on personal insurance, but have been consolidating personal investment advisors with the largest network of advisors in Canada now. It trades at 9 times earnings and they are growing the dividend. It is cheaper than a Sunlife or Manulife. Yield 2.9%. (Analysts’ price target is $63.22)
No problems buying this one. Owns no lifecos; prefers specialty financials, banks, or P&C insurers. Closing the gap nicely to the big league players. ROE is good, dividend grows pretty steadily.