iA Financial Co. Inc. (TSE:IAG) Receives C$140.75 Average Target Price from Brokerages

Shares of iA Financial Co. Inc. (TSE:IAG) have earned a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$140.75.

Several research firms have recently commented on IAG. CIBC increased their target price on iA Financial from C$144.00 to C$149.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. TD Securities increased their price objective on shares of iA Financial from C$146.00 to C$147.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. BMO Capital Markets boosted their target price on shares of iA Financial from C$140.00 to C$150.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Scotiabank cut shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada boosted their price objective on iA Financial from C$137.00 to C$141.00 and gave the company a “sector perform” rating in a report on Thursday, February 20th.

Insider Activity at iA Financial

In related news, Senior Officer Alain Bergeron sold 2,750 shares of iA Financial stock in a transaction on Thursday, March 27th. The stock was sold at an average price of C$136.40, for a total value of C$375,100.00. Insiders sold a total of 12,750 shares of company stock valued at $1,731,044 over the last ninety days. Insiders own 0.09% of the company’s stock.

iA Financial Stock Up 0.1 %

Shares of TSE IAG opened at C$137.00 on Tuesday. iA Financial has a fifty-two week low of C$80.95 and a fifty-two week high of C$141.88. The business has a 50 day moving average price of C$131.25 and a two-hundred day moving average price of C$125.86. The firm has a market cap of C$12.85 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13.

iA Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.63%. iA Financial’s dividend payout ratio is currently 31.25%.

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.