iA Financial (TSE:IAG) Price Target Raised to C$135.00

iA Financial (TSE:IAG) had its price target increased by TD Securities from C$132.00 to C$135.00 in a report issued on Wednesday,BayStreet.CA reports.

Several other brokerages also recently commented on IAG. Royal Bank of Canada increased their price target on iA Financial from C$102.00 to C$105.00 and gave the company a “moderate buy” rating in a report on Thursday, August 8th. National Bankshares lowered shares of iA Financial from an “outperform” rating to a “sector perform” rating and raised their target price for the company from C$102.00 to C$118.00 in a research note on Friday, October 25th. National Bank Financial lowered shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Scotiabank raised their price target on iA Financial from C$110.00 to C$126.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, CIBC boosted their price objective on iA Financial from C$106.00 to C$120.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$128.50.

iA Financial Trading Down 1.8 %

Shares of TSE:IAG opened at C$127.99 on Wednesday. The company has a current ratio of 2.22, a quick ratio of 0.17 and a debt-to-equity ratio of 46.39. The stock has a market capitalization of C$12.18 billion, a PE ratio of 17.13, a P/E/G ratio of 1.26 and a beta of 1.13. iA Financial has a 1 year low of C$80.95 and a 1 year high of C$134.29. The firm has a fifty day moving average price of C$112.36 and a 200 day moving average price of C$97.25.

iA Financial (TSE:IAG) last released its quarterly earnings results on Tuesday, August 6th. The company reported C$2.75 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of C$1.64 billion during the quarter. Analysts expect that iA Financial will post 11.6187564 EPS for the current fiscal year.

iA Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be issued a $0.90 dividend. This is a boost from iA Financial’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $3.60 annualized dividend and a yield of 2.81%. iA Financial’s dividend payout ratio is 43.91%.

Insider Transactions at iA Financial

In related news, Senior Officer Michael Lee Stickney sold 1,000 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of C$130.60, for a total value of C$130,600.00. In other news, Senior Officer Michael Lee Stickney sold 1,000 shares of iA Financial stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of C$130.60, for a total transaction of C$130,600.00. Also, Director Denis Ricard sold 7,200 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of C$131.00, for a total transaction of C$943,200.00. 0.09% of the stock is owned by insiders.

About iA Financial

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.