Analysts Set iA Financial Co. Inc. (TSE:IAG) Price Target at C$129.75

Shares of iA Financial Co. Inc. (TSE:IAG - Get Free Report) have been assigned an average rating of "Moderate Buy" from the nine ratings firms that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$129.75.

A number of equities research analysts have commented on the company. Scotiabank raised their price objective on iA Financial from C$126.00 to C$143.00 in a research note on Thursday, November 7th. TD Securities boosted their price target on shares of iA Financial from C$132.00 to C$135.00 in a research note on Wednesday, November 6th. CIBC boosted their target price on shares of iA Financial from C$133.00 to C$143.00 in a research report on Wednesday, November 13th. Cibc World Mkts raised shares of iA Financial from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada lowered iA Financial from an "outperform" rating to a "sector perform" rating and boosted their price objective for the stock from C$105.00 to C$137.00 in a report on Thursday, November 7th.

Insider Activity at iA Financial

In other iA Financial news, Senior Officer Michael Lee Stickney sold 1,000 shares of the company's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of C$130.60, for a total value of C$130,600.00. Also, Director Denis Ricard sold 10,000 shares of the business's stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of C$132.00, for a total transaction of C$1,320,000.00. Insiders have sold a total of 36,000 shares of company stock valued at $4,699,016 over the last 90 days. 0.09% of the stock is owned by insiders.

iA Financial Stock Up 0.2 %

Shares of IAG stock traded up C$0.23 on Wednesday, reaching C$133.32. 730,214 shares of the company were exchanged, compared to its average volume of 298,404. The company has a debt-to-equity ratio of 46.39, a current ratio of 2.22 and a quick ratio of 0.17. The company has a 50-day moving average of C$116.75 and a 200-day moving average of C$100.03. The company has a market cap of C$12.68 billion, a price-to-earnings ratio of 17.85, a PEG ratio of 1.26 and a beta of 1.13. iA Financial has a one year low of C$80.95 and a one year high of C$134.29.

iA Financial Increases Dividend

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

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.