iA Financial Co. Inc. (TSE:IAG) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of iA Financial Co. Inc. (TSE:IAG - Get Free Report) have been given a consensus rating of "Moderate Buy" by the nine analysts that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$129.75.

Several equities analysts have weighed in on IAG shares. Royal Bank of Canada lowered iA Financial from an "outperform" rating to a "sector perform" rating and increased their price objective for the company from C$105.00 to C$137.00 in a report on Thursday, November 7th. BMO Capital Markets lifted their target price on shares of iA Financial from C$126.00 to C$140.00 in a research note on Thursday, November 7th. Cormark increased their target price on iA Financial from C$127.00 to C$130.00 in a research report on Wednesday, November 6th. National Bank Financial cut iA Financial from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 24th. Finally, Cibc World Mkts raised iA Financial from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 30th.

iA Financial Stock Performance

iA Financial stock traded down C$1.04 during mid-day trading on Friday, reaching C$133.58. 194,003 shares of the company's stock were exchanged, compared to its average volume of 316,449. The business's fifty day simple moving average is C$124.96 and its 200 day simple moving average is C$105.18. The company has a quick ratio of 0.17, a current ratio of 2.22 and a debt-to-equity ratio of 46.39. iA Financial has a one year low of C$80.95 and a one year high of C$138.01. The firm has a market capitalization of C$12.71 billion, a PE ratio of 17.88, a P/E/G ratio of 1.26 and a beta of 1.13.

iA Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend is Friday, November 22nd. This is a boost from iA Financial's previous quarterly dividend of $0.82. iA Financial's dividend payout ratio (DPR) is presently 43.91%.

Insider Buying and Selling

In other news, Director Denis Ricard sold 7,200 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of C$131.00, for a total value of C$943,200.00. Also, Senior Officer Alain Bergeron sold 2,750 shares of the firm's stock in a transaction on Thursday, November 28th. The shares were sold at an average price of C$134.00, for a total value of C$368,500.00. Following the transaction, the insider now owns 500 shares of the company's stock, valued at C$67,000. The trade was a 84.62 % decrease in their ownership of the stock. Insiders have sold a total of 54,750 shares of company stock valued at $7,239,429 over the last ninety days. Company insiders own 0.09% of the company's stock.

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.