iA Financial Co. Inc. (TSE:IAG - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The company traded as high as C$140.17 and last traded at C$140.54, with a volume of 209019 shares changing hands. The stock had previously closed at C$137.59.
Wall Street Analysts Forecast Growth
IAG has been the topic of several analyst reports. BMO Capital Markets increased their price target on shares of 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. 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. TD Securities upped their price objective on iA Financial from C$146.00 to C$147.00 and gave the stock a "buy" rating in a research report on Tuesday, February 25th. Scotiabank lowered iA Financial from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 3rd. 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 note on Thursday, February 20th. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of C$140.75.
Get Our Latest Analysis on iA Financial
iA Financial Stock Performance
The business's fifty day moving average is C$131.60 and its 200-day moving average is C$127.43. The firm has a market cap of C$11.44 billion, a P/E ratio of 11.62, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13.
iA Financial Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.95%. iA Financial's payout ratio is currently 31.25%.
Insider Activity
In other news, Senior Officer Alain Bergeron sold 2,750 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of C$135.37, for a total transaction of C$372,267.50. Insiders sold a total of 12,750 shares of company stock worth $1,731,044 over the last quarter. 0.09% of the stock is currently owned by corporate insiders.
About iA Financial
(
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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.
Further Reading
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