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

Shares of iA Financial Co. Inc. (TSE:IAG - Get Free Report) have received an average rating of "Moderate Buy" from the nine analysts that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$129.75.

A number of brokerages recently weighed in on IAG. National Bank Financial cut iA Financial from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 24th. BMO Capital Markets boosted their target price on iA Financial from C$126.00 to C$140.00 in a research note on Thursday, November 7th. Cibc World Mkts upgraded shares of iA Financial from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 30th. TD Securities boosted their target price on iA Financial from C$132.00 to C$135.00 in a report on Wednesday, November 6th. Finally, Royal Bank of Canada cut shares of iA Financial from an "outperform" rating to a "sector perform" rating and upped their price target for the company from C$105.00 to C$137.00 in a report on Thursday, November 7th.

Insider Buying and Selling

In other news, Director Denis Ricard sold 7,200 shares of iA Financial stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of C$131.00, for a total transaction of C$943,200.00. Also, Senior Officer Pierre Miron sold 15,000 shares of the business's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of C$129.23, for a total transaction of C$1,938,415.50. In the last ninety days, insiders sold 58,010 shares of company stock valued at $7,675,070. Insiders own 0.09% of the company's stock.

iA Financial Stock Performance

Shares of IAG traded down C$0.32 during trading hours on Thursday, reaching C$130.47. 71,801 shares of the company's stock traded hands, compared to its average volume of 149,113. iA Financial has a twelve month low of C$80.95 and a twelve month high of C$138.01. The firm has a market capitalization of C$12.41 billion, a price-to-earnings ratio of 17.47, a P/E/G ratio of 1.26 and a beta of 1.13. The business's fifty day simple moving average is C$131.14 and its two-hundred day simple moving average is C$110.82. The company has a debt-to-equity ratio of 46.39, a current ratio of 2.22 and a quick ratio of 0.17.

iA Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 22nd were paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date was 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 currently 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.