iA Financial (TSE:IAG) Price Target Raised to C$126.00

iA Financial (TSE:IAG) had its target price lifted by Scotiabank from C$110.00 to C$126.00 in a research report released on Wednesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Other equities research analysts also recently issued reports about the stock. CIBC lifted their price target on shares of iA Financial from C$106.00 to C$120.00 and gave the stock an “outperform” rating in a report on Wednesday. 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 research note on Thursday, August 8th. BMO Capital Markets increased their price target on iA Financial from C$102.00 to C$111.00 in a research note on Thursday, August 8th. TD Securities raised their price objective on iA Financial from C$110.00 to C$114.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Finally, National Bank Financial lowered iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$111.00.

iA Financial Price Performance

Shares of TSE:IAG opened at C$114.19 on Wednesday. iA Financial has a one year low of C$80.95 and a one year high of C$119.25. The stock has a market cap of C$10.86 billion, a PE ratio of 15.29, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. The business’s fifty day moving average price is C$110.06 and its two-hundred day moving average price is C$95.83. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.17 and a current ratio of 2.22.

iA Financial (TSE:IAG) 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. On average, analysts forecast that iA Financial will post 11.6187564 EPS for the current fiscal year.

iA Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 23rd were given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend was Friday, August 23rd. iA Financial’s dividend payout ratio (DPR) 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.