IAG vs. IGM, ONEX, X, DFY, ELF, EQB, GSY, CWB, CIX, and FN
Should you be buying iA Financial stock or one of its competitors? The main competitors of iA Financial include IGM Financial (IGM), Onex (ONEX), TMX Group (X), Definity Financial (DFY), E-L Financial (ELF), EQB (EQB), goeasy (GSY), Canadian Western Bank (CWB), CI Financial (CIX), and First National Financial (FN). These companies are all part of the "financial services" sector.
iA Financial (TSE:IAG) and IGM Financial (TSE:IGM) are both mid-cap financial services companies, but which is the better investment? We will contrast the two companies based on the strength of their institutional ownership, valuation, community ranking, analyst recommendations, media sentiment, profitability, earnings, dividends and risk.
iA Financial pays an annual dividend of C$3.28 per share and has a dividend yield of 3.6%. IGM Financial pays an annual dividend of C$2.25 per share and has a dividend yield of 6.1%. iA Financial pays out 43.9% of its earnings in the form of a dividend. IGM Financial pays out 69.7% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years.
iA Financial has a beta of 1.13, suggesting that its stock price is 13% more volatile than the S&P 500. Comparatively, IGM Financial has a beta of 1.55, suggesting that its stock price is 55% more volatile than the S&P 500.
IGM Financial received 3 more outperform votes than iA Financial when rated by MarketBeat users. However, 51.17% of users gave iA Financial an outperform vote while only 45.12% of users gave IGM Financial an outperform vote.
IGM Financial has lower revenue, but higher earnings than iA Financial. IGM Financial is trading at a lower price-to-earnings ratio than iA Financial, indicating that it is currently the more affordable of the two stocks.
iA Financial presently has a consensus target price of C$89.72, indicating a potential downside of 2.57%. IGM Financial has a consensus target price of C$44.00, indicating a potential upside of 19.08%. Given IGM Financial's higher probable upside, analysts clearly believe IGM Financial is more favorable than iA Financial.
In the previous week, iA Financial had 22 more articles in the media than IGM Financial. MarketBeat recorded 24 mentions for iA Financial and 2 mentions for IGM Financial. iA Financial's average media sentiment score of 0.66 beat IGM Financial's score of 0.45 indicating that iA Financial is being referred to more favorably in the media.
IGM Financial has a net margin of 27.67% compared to iA Financial's net margin of 9.28%. IGM Financial's return on equity of 11.63% beat iA Financial's return on equity.
48.2% of iA Financial shares are held by institutional investors. Comparatively, 8.1% of IGM Financial shares are held by institutional investors. 0.1% of iA Financial shares are held by insiders. Comparatively, 59.2% of IGM Financial shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.
Summary
iA Financial and IGM Financial tied by winning 10 of the 20 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding IAG and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of TSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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