Shares of iA Financial Co. Inc. (TSE:IAG – Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as C$107.66 and last traded at C$107.42, with a volume of 194902 shares traded. The stock had previously closed at C$106.91.
Wall Street Analyst Weigh In
Several research analysts have weighed in on IAG shares. BMO Capital Markets boosted their price target on iA Financial from C$102.00 to C$111.00 in a report on Thursday, August 8th. Royal Bank of Canada increased their target price on iA Financial from C$102.00 to C$105.00 and gave the stock a “moderate buy” rating in a research report on Thursday, August 8th. TD Securities lifted their price target on iA Financial from C$110.00 to C$114.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. CIBC increased their price objective on shares of iA Financial from C$100.00 to C$106.00 in a report on Thursday, August 8th. Finally, Scotiabank raised their target price on shares of iA Financial from C$100.00 to C$110.00 in a research report on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$105.25.
Read Our Latest Stock Report on IAG
iA Financial Stock Up 0.1 %
iA Financial (TSE:IAG – Get Free Report) last released its quarterly earnings data 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 net margin of 9.02% and a return on equity of 10.51%. The company had revenue of C$1.64 billion during the quarter. Research analysts expect that iA Financial Co. Inc. will post 11.6784141 EPS for the current year.
iA Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 23rd were paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date was Friday, August 23rd. iA Financial’s dividend payout ratio is presently 43.91%.
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.
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