National Bankshares lowered shares of iA Financial (TSE:IAG – Free Report) from an outperform rating to a sector perform rating in a report published on Friday morning, BayStreet.CA reports. The brokerage currently has C$118.00 target price on the stock, up from their previous target price of C$102.00.
A number of other equities analysts have also recently issued reports on IAG. Scotiabank increased their target price on iA Financial from C$100.00 to C$110.00 in a report on Thursday, August 8th. TD Securities increased their target price 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. CIBC increased their target price on iA Financial from C$100.00 to C$106.00 in a report on Thursday, August 8th. Royal Bank of Canada increased their target price on iA Financial from C$102.00 to C$105.00 and gave the stock a “moderate buy” rating in a report on Thursday, August 8th. Finally, BMO Capital Markets increased their target price on iA Financial from C$102.00 to C$111.00 in a report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$107.25.
Get Our Latest Stock Analysis on iA Financial
iA Financial Trading Down 2.5 %
iA Financial (TSE:IAG – Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported C$2.75 EPS for the quarter, beating the consensus estimate of C$2.58 by C$0.17. The firm had revenue of C$1.64 billion during the quarter. iA Financial had a return on equity of 10.51% and a net margin of 9.02%. As a group, equities analysts forecast that iA Financial will post 11.6187564 EPS for the current year.
iA Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 23rd were given a $0.82 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $3.28 dividend on an annualized basis and a yield of 2.90%. iA Financial’s payout ratio is 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.
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