iA Financial Co. Inc. (TSE:IAG) Receives Consensus Rating of “Moderate Buy” from Analysts

iA Financial Co. Inc. (TSE:IAG) has been given an average rating of “Moderate Buy” by the nine research firms that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is C$129.75.

IAG has been the topic of a number of research reports. National Bankshares upped their price objective on iA Financial from C$118.00 to C$121.00 in a report on Wednesday, November 6th. Scotiabank boosted their target price on shares of iA Financial from C$126.00 to C$143.00 in a research report on Thursday, November 7th. National Bank Financial lowered shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Cormark boosted their price objective on shares of iA Financial from C$127.00 to C$130.00 in a research report on Wednesday, November 6th. Finally, BMO Capital Markets upped their target price on iA Financial from C$126.00 to C$140.00 in a research note on Thursday, November 7th.

Insiders Place Their Bets

In related news, Director Denis Ricard sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of C$135.00, for a total value of C$1,350,000.00. Also, Senior Officer Pierre Miron sold 15,000 shares of iA Financial stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of C$129.23, for a total transaction of C$1,938,415.50. Over the last quarter, insiders have sold 47,000 shares of company stock valued at $6,185,929. 0.09% of the stock is currently owned by insiders.

iA Financial Price Performance

iA Financial stock opened at C$131.95 on Wednesday. The company has a market capitalization of C$12.55 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 1.26 and a beta of 1.13. The stock’s 50 day moving average is C$117.91 and its 200-day moving average is C$100.71. 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 has a 12 month low of C$80.95 and a 12 month high of C$137.34.

iA Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be given a $0.90 dividend. The ex-dividend date is Friday, November 22nd. This represents a $3.60 dividend on an annualized basis and a yield of 2.73%. This is a positive change from iA Financial’s previous quarterly dividend of $0.82. iA Financial’s dividend payout ratio (DPR) 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.