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

iA Financial Co. Inc. (TSE:IAG) has been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$129.75.

Several research analysts have recently commented on IAG shares. Royal Bank of Canada downgraded iA Financial from an “outperform” rating to a “sector perform” rating and lifted their target price for the stock from C$105.00 to C$137.00 in a research note on Thursday, November 7th. Cibc World Mkts raised shares of iA Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. National Bank Financial downgraded shares of iA Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. TD Securities raised their target price on shares of iA Financial from C$132.00 to C$135.00 in a research note on Wednesday, November 6th. Finally, National Bankshares upped their price target on shares of iA Financial from C$118.00 to C$121.00 in a research note on Wednesday, November 6th.

iA Financial Trading Down 1.0 %

iA Financial stock opened at C$132.45 on Friday. The stock has a 50-day simple moving average of C$125.74 and a 200 day simple moving average of C$105.75. The stock has a market capitalization of C$12.60 billion, a P/E ratio of 17.73, a PEG ratio of 1.26 and a beta of 1.13. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.17 and a current ratio of 2.22. iA Financial has a 52 week low of C$80.95 and a 52 week high of C$138.01.

iA Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 22nd were paid a $0.90 dividend. This is a boost from iA Financial’s previous quarterly dividend of $0.82. The ex-dividend date was Friday, November 22nd. This represents a $3.60 annualized dividend and a yield of 2.72%. iA Financial’s payout ratio is 43.91%.

Insiders Place Their Bets

In related news, Senior Officer Pierre Miron sold 15,000 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of C$129.23, for a total transaction of C$1,938,415.50. Also, Senior Officer Michael Lee Stickney sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of C$130.60, for a total transaction of C$130,600.00. Insiders have sold a total of 54,750 shares of company stock worth $7,239,429 in the last quarter. Corporate insiders own 0.09% of the company’s stock.

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.