iA Financial (TSE:IAG) Reaches New 1-Year High at $112.72

iA Financial Co. Inc. (TSE:IAG) hit a new 52-week high during mid-day 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 changing hands. The stock had previously closed at C$112.10.

Analysts Set New Price Targets

Several research firms have commented on IAG. TD Securities raised their price objective on iA Financial from C$110.00 to C$114.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Royal Bank of Canada boosted their price target 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. Scotiabank increased their price objective on shares of iA Financial from C$100.00 to C$110.00 in a research report on Thursday, August 8th. BMO Capital Markets boosted their target price on shares of iA Financial from C$102.00 to C$111.00 in a research report on Thursday, August 8th. Finally, CIBC upped their target price on shares of iA Financial from C$100.00 to C$106.00 in a research note on Thursday, August 8th. Two 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, iA Financial currently has an average rating of “Moderate Buy” and an average target price of C$105.25.

iA Financial Stock Performance

The company has a market capitalization of C$10.64 billion, a price-to-earnings ratio of 14.92, a price-to-earnings-growth ratio of 1.26 and a beta of 1.12. The company has a current ratio of 2.22, a quick ratio of 0.17 and a debt-to-equity ratio of 46.39. The stock has a 50-day simple moving average of C$99.78 and a 200-day simple moving average of C$91.21.

iA Financial (TSE:IAG) last issued its quarterly earnings results on Tuesday, August 6th. The company reported C$2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of C$1.64 billion during the quarter. On average, analysts anticipate that iA Financial Co. Inc. will post 11.6585366 earnings per share for the current year.

iA Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 23rd were paid a $0.82 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $3.28 dividend on an annualized basis and a yield of 2.93%. iA Financial’s dividend payout ratio (DPR) is 43.97%.

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.