iA Financial Co. Inc. (TSE:IAG) Receives C$69.85 Average Target Price from Brokerages

Shares of iA Financial Co. Inc. (TSE:IAG) have earned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$69.85.

A number of research analysts have issued reports on the company. National Bankshares lowered their price objective on iA Financial from C$104.00 to C$102.00 and set an “outperform” rating for the company in a research note on Wednesday, February 21st. Desjardins dropped their target price on shares of iA Financial from C$94.00 to C$89.00 and set a “hold” rating on the stock in a research note on Thursday, February 22nd. CIBC upped their price objective on iA Financial from C$95.00 to C$97.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. BMO Capital Markets lifted their price objective on iA Financial from C$99.00 to C$101.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Finally, Scotiabank lowered their target price on shares of iA Financial from C$104.00 to C$95.00 and set an “outperform” rating on the stock in a research note on Thursday, February 22nd.

Insider Activity at iA Financial

In other iA Financial news, Senior Officer Alain Bergeron sold 5,000 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of C$86.63, for a total value of C$433,140.00. In related news, Senior Officer Denis Ricard bought 4,000 shares of the stock in a transaction dated Monday, February 26th. The shares were purchased at an average price of C$86.00 per share, with a total value of C$344,000.00. Also, Senior Officer Alain Bergeron sold 5,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of C$86.63, for a total transaction of C$433,140.00. In the last quarter, insiders have sold 11,400 shares of company stock worth $975,169. 0.15% of the stock is owned by corporate insiders.

iA Financial Stock Down 0.2 %

IAG stock opened at C$82.71 on Tuesday. The company has a market capitalization of C$8.24 billion, a price-to-earnings ratio of 11.06, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. The company has a debt-to-equity ratio of 34.57, a quick ratio of 0.17 and a current ratio of 0.82. The business’s 50 day moving average price is C$87.31 and its two-hundred day moving average price is C$87.31. iA Financial has a fifty-two week low of C$77.61 and a fifty-two week high of C$93.90.

iA Financial (TSE:IAG) last issued its quarterly earnings results on Tuesday, February 20th. The company reported C$2.34 earnings per share for the quarter, missing the consensus estimate of C$2.49 by C($0.15). The firm had revenue of C$1.55 billion during the quarter. iA Financial had a return on equity of 11.14% and a net margin of 9.95%. As a group, analysts forecast that iA Financial will post 10.3410758 earnings per share for the current fiscal year.

iA Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.82 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This is a boost from iA Financial’s previous quarterly dividend of $0.77. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.97%. iA Financial’s dividend payout ratio is 43.85%.

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.