iA Financial Co. Inc. (TSE:IAG) Given Consensus Rating of "Moderate Buy" by Brokerages

iA Financial Co. Inc. (TSE:IAG - Get Free Report) has been given an average recommendation of "Moderate Buy" by the nine research firms that are covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$140.75.

IAG has been the topic of several recent analyst reports. BMO Capital Markets lifted their target price 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. Desjardins upped their target price on shares of iA Financial from C$140.00 to C$145.00 and gave the stock a "hold" rating in a research report on Thursday, February 20th. Royal Bank of Canada lifted their price target on shares of 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. Cormark raised their price objective on iA Financial from C$127.00 to C$130.00 in a research report on Wednesday, November 6th. Finally, CIBC boosted their target price on iA Financial from C$144.00 to C$149.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th.

iA Financial Stock Down 0.7 %

IAG traded down C$0.99 during midday trading on Friday, reaching C$134.72. The company had a trading volume of 431,065 shares, compared to its average volume of 277,206. iA Financial has a 1 year low of C$80.95 and a 1 year high of C$141.88. The company has a market cap of C$12.64 billion, a P/E ratio of 12.83, a P/E/G ratio of 1.26 and a beta of 1.13. The business has a 50-day moving average of C$131.76 and a two-hundred day moving average of C$121.76.

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iA Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 2.67%. iA Financial's payout ratio is 31.25%.

Insider Buying and Selling

In other news, Director Denis Ricard sold 5,000 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of C$137.00, for a total value of C$685,000.00. Also, Senior Officer Alain Bergeron sold 2,750 shares of the firm'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 sold 13,760 shares of company stock valued at $1,861,435 over the last quarter. 0.09% of the stock is currently owned by company insiders.

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.