iA Financial Co. Inc. (TSE:IAG) Receives C$129.75 Consensus Target Price from Analysts

iA Financial Co. Inc. (TSE:IAG) has been given a consensus rating of “Moderate Buy” by the nine brokerages that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$129.75.

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

iA Financial Price Performance

TSE:IAG opened at C$132.33 on Friday. The stock has a market capitalization of C$12.59 billion, a PE ratio of 17.71, a P/E/G ratio of 1.26 and a beta of 1.13. iA Financial has a 1-year low of C$80.95 and a 1-year high of C$138.01. The firm has a fifty day simple moving average of C$126.70 and a 200 day simple moving average of C$106.55. 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 firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 22nd were paid a $0.90 dividend. The ex-dividend date was Friday, November 22nd. This is an increase from iA Financial’s previous quarterly dividend of $0.82. This represents a $3.60 annualized dividend and a dividend yield of 2.72%. iA Financial’s dividend payout ratio is 43.91%.

Insider Buying and Selling

In other news, Senior Officer Éric Jobin sold 1,000 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of C$136.91, for a total transaction of C$136,913.00. Also, Director Denis Ricard sold 5,000 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of C$137.00, for a total value of C$685,000.00. Over the last three months, insiders have sold 54,750 shares of company stock valued at $7,239,429. 0.09% of the stock is owned by company insiders.

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.