iA Financial (TSE:IAG) Price Target Raised to C$145.00 at Desjardins

iA Financial (TSE:IAG) had its target price lifted by Desjardins from C$140.00 to C$145.00 in a research report report published on Thursday morning,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

IAG has been the subject of several other research reports. National Bankshares increased their target price on iA Financial from C$118.00 to C$121.00 in a research report on Wednesday, November 6th. Scotiabank downgraded iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. TD Securities upped their price target on iA Financial from C$143.00 to C$146.00 and gave the stock a “buy” rating in a research note on Wednesday. BMO Capital Markets upped their price target on iA Financial from C$140.00 to C$150.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Royal Bank of Canada upped their price target on iA Financial from C$137.00 to C$141.00 and gave the stock a “sector perform” rating in a research note on Thursday. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$140.63.

iA Financial Stock Performance

Shares of TSE:IAG opened at C$129.25 on Thursday. iA Financial has a 52-week low of C$80.95 and a 52-week high of C$141.88. The firm has a market capitalization of C$12.13 billion, a P/E ratio of 12.31, a P/E/G ratio of 1.26 and a beta of 1.13. The stock has a 50 day moving average price of C$131.75 and a 200-day moving average price of C$120.05.

iA Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 2.79%. iA Financial’s dividend payout ratio (DPR) is presently 31.25%.

Insider Buying and Selling

In other iA Financial news, Senior Officer Alain Bergeron sold 510 shares of the company’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of C$133.58, for a total transaction of C$68,125.80. Also, Director Denis Ricard sold 5,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of C$137.00, for a total transaction of C$685,000.00. In the last ninety days, insiders sold 11,010 shares of company stock worth $1,489,142. 0.09% of the stock is owned by corporate insiders.

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.