iA Financial (TSE:IAG) Given New C$143.00 Price Target at CIBC

iA Financial (TSE:IAG) had its target price upped by CIBC from C$133.00 to C$143.00 in a report released on Wednesday morning,BayStreet.CA reports.

Several other brokerages also recently commented on IAG. Royal Bank of Canada downgraded shares of iA Financial from an “outperform” rating to a “sector perform” rating and raised their price objective for the company from C$105.00 to C$137.00 in a research report on Thursday, November 7th. Scotiabank raised their price target on iA Financial from C$126.00 to C$143.00 in a report on Thursday, November 7th. National Bankshares boosted their price objective on iA Financial from C$118.00 to C$121.00 in a research report on Wednesday, November 6th. Cibc World Mkts upgraded iA Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. Finally, BMO Capital Markets boosted their price target on iA Financial from C$126.00 to C$140.00 in a report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, iA Financial presently has a consensus rating of “Moderate Buy” and an average target price of C$129.75.

iA Financial Trading Down 0.6 %

Shares of TSE:IAG opened at C$131.15 on Wednesday. iA Financial has a 12-month low of C$80.95 and a 12-month high of C$134.29. The company has a market cap of C$12.48 billion, a PE ratio of 17.56, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. The stock has a 50 day moving average of C$115.07 and a 200 day moving average of C$98.91. The company has a current ratio of 2.22, a quick ratio of 0.17 and a debt-to-equity ratio of 46.39.

iA Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend is Friday, November 22nd. This is a boost from iA Financial’s previous quarterly dividend of $0.82. iA Financial’s dividend payout ratio (DPR) is currently 43.91%.

Insider Transactions at iA Financial

In related news, Director Denis Ricard sold 7,200 shares of iA Financial stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of C$131.00, for a total value of C$943,200.00. Also, Senior Officer Michael Lee Stickney sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of C$130.60, for a total value of C$130,600.00. Insiders have sold 36,000 shares of company stock valued at $4,699,016 in the last ninety days. Corporate insiders own 0.09% of the company’s stock.

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.