iA Financial Co. Inc. (TSE:IAG – Get Free Report)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as C$112.72 and last traded at C$112.16, with a volume of 5058 shares trading hands. The stock had previously closed at C$112.10.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on IAG. CIBC upped their price objective on shares of iA Financial from C$100.00 to C$106.00 in a research note on Thursday, August 8th. Scotiabank upped their target price on shares of iA Financial from C$100.00 to C$110.00 in a report on Thursday, August 8th. BMO Capital Markets increased their target price on shares of iA Financial from C$102.00 to C$111.00 in a research note on Thursday, August 8th. TD Securities upped their price objective on iA Financial from C$110.00 to C$114.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Finally, Royal Bank of Canada lifted their target price on iA Financial from C$102.00 to C$105.00 and gave the company a “moderate buy” rating in a research note on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, iA Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of C$105.25.
Check Out Our Latest Stock Analysis on iA Financial
iA Financial Price Performance
iA Financial (TSE:IAG – Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The company reported C$2.75 EPS for the quarter, beating 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 for the quarter. As a group, sell-side analysts predict that iA Financial Co. Inc. will post 11.6585366 EPS for the current year.
iA Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 23rd were issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend was Friday, August 23rd. iA Financial’s dividend payout ratio (DPR) is 43.97%.
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.
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