iA Financial Co. Inc. (TSE:IAG) Receives C$74.38 Consensus PT from Analysts

iA Financial Co. Inc. (TSE:IAG) has earned an average rating of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$74.38.

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

Insiders Place Their Bets

In other iA Financial news, Senior Officer Alain Bergeron sold 5,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$86.63, for a total value of C$433,140.00. In other iA Financial news, Senior Officer Alain Bergeron sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$86.63, for a total transaction of C$433,140.00. Also, Senior Officer Michael Lee Stickney sold 1,400 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of C$85.07, for a total value of C$119,091.98. Insiders have sold 11,400 shares of company stock valued at $975,169 in the last three months. 0.15% of the stock is currently owned by corporate insiders.

iA Financial Trading Up 1.7 %

TSE IAG opened at C$86.82 on Friday. The company has a market capitalization of C$8.65 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. iA Financial has a 1-year low of C$77.61 and a 1-year high of C$93.90. The company has a current ratio of 0.82, a quick ratio of 0.17 and a debt-to-equity ratio of 34.57. The firm’s fifty day simple moving average is C$84.87 and its 200-day simple moving average is C$87.23.

iA Financial (TSE:IAG) last issued its quarterly earnings data 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 business had revenue of C$1.55 billion for the quarter. iA Financial had a net margin of 9.95% and a return on equity of 11.14%. As a group, sell-side analysts anticipate that iA Financial will post 10.3410758 earnings per share for the current fiscal year.

iA Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $0.82 dividend. This is a boost from iA Financial’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $3.28 annualized dividend and a yield of 3.78%. iA Financial’s payout ratio is presently 43.85%.

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.