iA Financial (TSE:IAG) Hits New 52-Week High at $107.66

Shares of iA Financial Co. Inc. (TSE:IAG) hit a new 52-week high on Thursday . The stock traded as high as C$107.66 and last traded at C$107.42, with a volume of 194902 shares. The stock had previously closed at C$106.91.

Wall Street Analyst Weigh In

IAG has been the subject of several recent research reports. Scotiabank raised their price objective on iA Financial from C$100.00 to C$110.00 in a research report on Thursday, August 8th. CIBC lifted their price target on shares of iA Financial from C$100.00 to C$106.00 in a research report on Thursday, August 8th. BMO Capital Markets upped their price objective on shares of iA Financial from C$102.00 to C$111.00 in a report on Thursday, August 8th. TD Securities lifted their target price on shares of iA Financial from C$110.00 to C$114.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Finally, Royal Bank of Canada boosted their price target on iA Financial from C$102.00 to C$105.00 and gave the stock a “moderate buy” rating in a research report on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, iA Financial has an average rating of “Moderate Buy” and a consensus target price of C$105.25.

iA Financial Stock Up 0.5 %

The company has a market cap of C$10.22 billion, a P/E ratio of 14.38, a P/E/G ratio of 1.26 and a beta of 1.12. The company’s 50-day moving average is C$96.12 and its two-hundred day moving average is C$89.81. The company has a debt-to-equity ratio of 46.39, a current ratio of 2.22 and a quick ratio of 0.17.

iA Financial (TSE:IAG) last posted its earnings results on Tuesday, August 6th. The company reported C$2.75 EPS for the quarter, topping analysts’ consensus estimates of C$2.58 by C$0.17. iA Financial had a return on equity of 10.51% and a net margin of 9.02%. The business had revenue of C$1.64 billion during the quarter. As a group, equities analysts predict that iA Financial Co. Inc. will post 11.6784141 earnings per share for the current fiscal year.

iA Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 23rd were given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date was Friday, August 23rd. iA Financial’s dividend payout ratio (DPR) is 43.91%.

iA Financial Company Profile

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.