iA Financial (TSE:IAG) Downgraded to Hold at National Bank Financial

National Bank Financial downgraded shares of iA Financial (TSE:IAG) from a strong-buy rating to a hold rating in a research note released on Thursday, Zacks.com reports.

Several other research analysts also recently commented on the stock. Royal Bank of Canada lifted their target price on shares of iA Financial from C$102.00 to C$105.00 and gave the stock a “moderate buy” rating in a report on Thursday, August 8th. CIBC boosted their price target on shares of iA Financial from C$100.00 to C$106.00 in a report on Thursday, August 8th. National Bankshares cut iA Financial from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from C$102.00 to C$118.00 in a report on Friday. Scotiabank lifted their price target on shares of iA Financial from C$100.00 to C$110.00 in a report on Thursday, August 8th. Finally, BMO Capital Markets raised their target price on iA Financial from C$102.00 to C$111.00 in a research note on Thursday, August 8th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$107.25.

iA Financial Stock Performance

Shares of iA Financial stock opened at C$112.94 on Thursday. The company has a quick ratio of 0.17, a current ratio of 2.22 and a debt-to-equity ratio of 46.39. The stock has a market cap of C$10.75 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. The business has a fifty day simple moving average of C$108.61 and a 200-day simple moving average of C$94.83. iA Financial has a 12 month low of C$77.61 and a 12 month high of C$119.25.

iA Financial (TSE:IAG) last issued its quarterly earnings data on Tuesday, August 6th. The company reported C$2.75 earnings per share for the quarter, beating the consensus estimate of C$2.58 by C$0.17. The firm had revenue of C$1.64 billion for the quarter. iA Financial had a net margin of 9.02% and a return on equity of 10.51%. On average, sell-side analysts anticipate that iA Financial will post 11.6187564 EPS for the current fiscal year.

iA Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 23rd were paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 2.90%. The ex-dividend date was Friday, August 23rd. 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.