iA Financial Co. Inc. (TSE:IAG) Receives C$129.75 Consensus Price Target from Analysts

iA Financial Co. Inc. (TSE:IAG) has earned a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$129.75.

Several equities analysts have issued reports on IAG shares. Scotiabank raised their price objective on iA Financial from C$126.00 to C$143.00 in a report on Thursday, November 7th. Cormark raised their price objective on iA Financial from C$127.00 to C$130.00 in a report on Wednesday, November 6th. Cibc World Mkts raised iA Financial from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. BMO Capital Markets raised their price objective on iA Financial from C$126.00 to C$140.00 in a report on Thursday, November 7th. Finally, TD Securities raised their price target on iA Financial from C$132.00 to C$135.00 in a report on Wednesday, November 6th.

iA Financial Stock Performance

TSE:IAG opened at C$131.95 on Wednesday. The firm has a market capitalization of C$12.55 billion, a PE ratio of 17.66, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. The business’s fifty day moving average price is C$117.91 and its 200 day moving average price is C$100.60. 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 has a 12 month low of C$80.95 and a 12 month high of C$137.34.

iA Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be given a $0.90 dividend. The ex-dividend date is Friday, November 22nd. This represents a $3.60 dividend on an annualized basis and a yield of 2.73%. This is an increase from iA Financial’s previous quarterly dividend of $0.82. iA Financial’s dividend payout ratio (DPR) is presently 43.91%.

Insider Activity at iA Financial

In related news, Senior Officer Michael Lee Stickney sold 1,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of C$130.60, for a total value of C$130,600.00. Also, Director Denis Ricard sold 10,000 shares of iA Financial stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of C$135.00, for a total transaction of C$1,350,000.00. Insiders sold a total of 47,000 shares of company stock worth $6,185,929 over the last 90 days. Company insiders own 0.09% of the company’s stock.

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.