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

Shares of iA Financial Co. Inc. (TSE:IAG - Get Free Report) have received an average recommendation of "Moderate Buy" from the nine brokerages that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$140.75.

IAG has been the subject of a number of recent analyst reports. CIBC lifted their price objective on iA Financial from C$144.00 to C$149.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Desjardins lifted their price target on iA Financial from C$140.00 to C$145.00 and gave the company a "hold" rating in a research note on Thursday, February 20th. BMO Capital Markets increased their price objective on iA Financial from C$140.00 to C$150.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Royal Bank of Canada set a C$141.00 target price on iA Financial and gave the company a "sector perform" rating in a report on Tuesday, April 15th. Finally, TD Securities increased their price target on shares of iA Financial from C$146.00 to C$147.00 and gave the company a "buy" rating in a report on Tuesday, February 25th.

Insider Activity at iA Financial

In related news, Senior Officer Alain Bergeron sold 2,750 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of C$135.37, for a total value of C$372,267.50. Insiders have sold a total of 12,750 shares of company stock valued at $1,731,044 over the last quarter. Insiders own 0.09% of the company's stock.

iA Financial Price Performance

Shares of IAG stock traded down C$1.51 during mid-day trading on Friday, hitting C$125.23. The stock had a trading volume of 106,527 shares, compared to its average volume of 272,385. The firm has a market cap of C$11.75 billion, a PE ratio of 11.93, a PEG ratio of 1.26 and a beta of 1.13. The company's 50-day simple moving average is C$129.58 and its 200-day simple moving average is C$128.43. iA Financial has a fifty-two week low of C$82.38 and a fifty-two week high of C$141.88.

iA Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.87%. iA Financial's dividend payout ratio (DPR) is 31.25%.

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.