Shares of iA Financial Co. Inc. (TSE:IAG - Get Free Report) have been given a consensus rating of "Moderate Buy" by the nine brokerages that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$140.75.
Several research analysts recently weighed in on the stock. CIBC boosted their price target on shares of iA Financial from C$144.00 to C$149.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Desjardins boosted their target price on iA Financial from C$140.00 to C$145.00 and gave the stock a "hold" rating in a research note on Thursday, February 20th. Royal Bank of Canada upped their target price on iA Financial from C$137.00 to C$141.00 and gave the company a "sector perform" rating in a report on Thursday, February 20th. Scotiabank lowered iA Financial from a "strong-buy" rating to a "hold" rating in a report on Monday, February 3rd. Finally, BMO Capital Markets upped their price objective on iA Financial from C$140.00 to C$150.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th.
Read Our Latest Analysis on iA Financial
iA Financial Stock Performance
IAG traded down C$0.01 during mid-day trading on Tuesday, reaching C$136.99. 278,736 shares of the stock were exchanged, compared to its average volume of 279,623. iA Financial has a 1 year low of C$80.95 and a 1 year high of C$141.88. The stock has a market capitalization of C$12.85 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. The company has a 50 day moving average price of C$131.37 and a two-hundred day moving average price of C$126.09.
iA Financial Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.63%. iA Financial's dividend payout ratio is presently 31.25%.
Insider Transactions at iA Financial
In related news, Senior Officer Alain Bergeron sold 2,750 shares of iA Financial stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of C$136.40, for a total value of C$375,100.00. In the last 90 days, insiders sold 12,750 shares of company stock worth $1,731,044. 0.09% of the stock is owned by company insiders.
About iA Financial
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Get Free ReportiA 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.
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