Analysts Set iA Financial Co. Inc. (TSE:IAG) PT at C$129.75

Shares of iA Financial Co. Inc. (TSE:IAG) have earned an average recommendation of “Moderate Buy” from the nine brokerages that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$129.75.

A number of research analysts have weighed in on the stock. Cormark boosted their target price on shares of iA Financial from C$127.00 to C$130.00 in a research note on Wednesday, November 6th. Royal Bank of Canada lowered iA Financial from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from C$105.00 to C$137.00 in a report on Thursday, November 7th. CIBC boosted their target price on iA Financial from C$133.00 to C$143.00 in a research note on Wednesday, November 13th. BMO Capital Markets boosted their price objective on iA Financial from C$126.00 to C$140.00 in a research note on Thursday, November 7th. Finally, National Bankshares increased their target price on shares of iA Financial from C$118.00 to C$121.00 in a research report on Wednesday, November 6th.

Insiders Place Their Bets

In related news, Senior Officer Michael Lee Stickney sold 1,000 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of C$130.60, for a total value of C$130,600.00. Also, Senior Officer Pierre Miron sold 15,000 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of C$129.23, for a total transaction of C$1,938,415.50. In the last 90 days, insiders have sold 58,010 shares of company stock worth $7,675,070. Corporate insiders own 0.09% of the company’s stock.

iA Financial Trading Down 0.0 %

TSE IAG opened at C$130.45 on Thursday. The stock has a market capitalization of C$12.41 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 1.26 and a beta of 1.13. The business’s fifty day moving average is C$131.48 and its 200-day moving average is C$111.14. 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$80.95 and a one year high of C$138.01.

iA Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 22nd were issued a $0.90 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This is a positive change from iA Financial’s previous quarterly dividend of $0.82. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.76%. 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.