iA Financial (TSE:IAG) Given New C$146.00 Price Target at TD Securities

iA Financial (TSE:IAG - Free Report) had its price target upped by TD Securities from C$143.00 to C$146.00 in a research note issued to investors on Wednesday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

IAG has been the subject of a number of other reports. Cormark lifted their price objective on iA Financial from C$127.00 to C$130.00 in a research note on Wednesday, November 6th. National Bank Financial cut iA Financial from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 24th. CIBC lifted their price objective on iA Financial from C$143.00 to C$144.00 in a research note on Thursday, January 30th. BMO Capital Markets lifted their price objective on iA Financial from C$126.00 to C$140.00 in a research note on Thursday, November 7th. Finally, National Bankshares lifted their price objective on iA Financial from C$118.00 to C$121.00 in a research note on Wednesday, November 6th. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$140.63.

iA Financial Stock Down 1.6 %

Shares of iA Financial stock traded down C$2.13 during trading on Wednesday, reaching C$127.12. 705,366 shares of the company were exchanged, compared to its average volume of 217,410. iA Financial has a twelve month low of C$80.95 and a twelve month high of C$141.88. The business has a 50-day moving average price of C$131.62 and a 200-day moving average price of C$120.30. The firm has a market capitalization of C$11.93 billion, a price-to-earnings ratio of 12.11, a P/E/G ratio of 1.26 and a beta of 1.13.

iA Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.83%. iA Financial's dividend payout ratio (DPR) is 31.25%.

Insider Activity

In other news, Director Denis Ricard sold 5,000 shares of the business's stock in a transaction dated Thursday, December 5th. The stock was 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 business's stock in a transaction dated Thursday, November 28th. The shares were sold at an average price of C$134.00, for a total value of C$368,500.00. Following the completion of the sale, the insider now owns 500 shares in the company, valued at approximately C$67,000. This trade represents a 84.62 % decrease in their ownership of the stock. Insiders have sold a total of 11,010 shares of company stock worth $1,489,142 over the last three months. Corporate insiders own 0.09% of the company's stock.

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.