Brokerages Set iA Financial Co. Inc. (TSE:IAG) PT at C$129.75

iA Financial Co. Inc. (TSE:IAG) has been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are currently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$129.75.

A number of research firms have weighed in on IAG. BMO Capital Markets boosted their target price on shares of iA Financial from C$126.00 to C$140.00 in a report on Thursday, November 7th. Cormark raised their target price on iA Financial from C$127.00 to C$130.00 in a research report on Wednesday, November 6th. CIBC lifted their target price on iA Financial from C$133.00 to C$143.00 in a report on Wednesday, November 13th. National Bankshares increased their price target on iA Financial from C$118.00 to C$121.00 in a research note on Wednesday, November 6th. Finally, National Bank Financial lowered iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th.

Insider Transactions at iA Financial

In other iA Financial news, Senior Officer Pierre Miron sold 15,000 shares of iA Financial stock in a transaction dated Monday, November 11th. The stock was 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 stock in a transaction that occurred 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. Insiders have sold 58,010 shares of company stock valued at $7,675,070 in the last 90 days. 0.09% of the stock is currently owned by corporate insiders.

iA Financial Trading Down 0.0 %

Shares of IAG stock opened at C$130.45 on Thursday. The stock’s fifty day simple moving average is C$131.48 and its 200 day simple moving average is C$111.14. iA Financial has a twelve month low of C$80.95 and a twelve month high of C$138.01. The firm has a market capitalization of C$12.41 billion, a P/E ratio of 17.46, a P/E/G ratio of 1.26 and a beta of 1.13. The company has a quick ratio of 0.17, a current ratio of 2.22 and a debt-to-equity ratio of 46.39.

iA Financial Increases Dividend

The business also recently declared 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 an increase from iA Financial’s previous quarterly dividend of $0.82. This represents a $3.60 annualized dividend and a yield of 2.76%. The ex-dividend date was Friday, November 22nd. iA Financial’s payout ratio is 43.91%.

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.