iA Financial (TSE:IAG) Downgraded by National Bankshares

National Bankshares cut shares of iA Financial (TSE:IAG) from an outperform rating to a sector perform rating in a report issued on Friday, BayStreet.CA reports. The brokerage currently has C$118.00 price target on the stock, up from their previous price target of C$102.00.

Several other equities research analysts have also issued reports on the stock. BMO Capital Markets lifted their price target on shares of iA Financial from C$102.00 to C$111.00 in a report on Thursday, August 8th. Scotiabank upped their price target on shares of iA Financial from C$100.00 to C$110.00 in a report on Thursday, August 8th. 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 report on Wednesday, August 7th. CIBC upped their target price on iA Financial from C$100.00 to C$106.00 in a report on Thursday, August 8th. Finally, Royal Bank of Canada increased 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 report on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$107.25.

iA Financial Stock Down 2.5 %

Shares of IAG opened at C$112.94 on Friday. The firm has a 50 day simple moving average of C$108.61 and a two-hundred day simple moving average of C$94.90. The company has a debt-to-equity ratio of 46.39, a current ratio of 2.22 and a quick ratio of 0.17. iA Financial has a one year low of C$77.61 and a one year high of C$119.25. The company has a market cap of C$10.75 billion, a P/E ratio of 15.12, a P/E/G ratio of 1.26 and a beta of 1.13.

iA Financial (TSE:IAG) last announced its quarterly earnings data on Tuesday, August 6th. The company reported C$2.75 earnings per share for the quarter, topping the consensus estimate 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 during the quarter. Research analysts forecast that iA Financial will post 11.6187564 EPS for the current fiscal year.

iA Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 23rd were paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date was Friday, August 23rd. iA Financial’s dividend payout ratio is currently 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.