iA Financial Co. Inc. (TSE:IAG) Receives C$107.25 Consensus PT from Brokerages

iA Financial Co. Inc. (TSE:IAG - Get Free Report) has been given a consensus recommendation of "Hold" by the seven ratings firms that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$107.25.

Several analysts have recently weighed in on the stock. TD Securities raised their price objective on shares of iA Financial from C$110.00 to C$114.00 and gave the company a "buy" rating in a research report on Wednesday, August 7th. Scotiabank lifted their price target on iA Financial from C$100.00 to C$110.00 in a research note on Thursday, August 8th. Royal Bank of Canada increased their price objective on iA Financial from C$102.00 to C$105.00 and gave the company a "moderate buy" rating in a research report on Thursday, August 8th. National Bankshares downgraded iA Financial from an "outperform" rating to a "sector perform" rating and boosted their target price for the stock from C$102.00 to C$118.00 in a research report on Friday. Finally, CIBC increased their price target on shares of iA Financial from C$100.00 to C$106.00 in a research report on Thursday, August 8th.

iA Financial Price Performance

Shares of iA Financial stock traded down C$2.89 on Friday, reaching C$112.94. The stock had a trading volume of 225,100 shares, compared to its average volume of 282,693. The business's 50 day moving average is C$108.61 and its two-hundred day moving average is C$94.83. The company has a current ratio of 2.22, a quick ratio of 0.17 and a debt-to-equity ratio of 46.39. iA Financial has a 1 year low of C$77.61 and a 1 year high of C$119.25. The company has a market cap of C$10.75 billion, a P/E ratio of 15.12, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13.

iA Financial (TSE:IAG - Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported C$2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of C$2.58 by C$0.17. iA Financial had a net margin of 9.02% and a return on equity of 10.51%. The business had revenue of C$1.64 billion for the quarter. As a group, research analysts anticipate that iA Financial will post 11.6187564 EPS for the current year.

iA Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 23rd were paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date was Friday, August 23rd. iA Financial's dividend payout ratio (DPR) is presently 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.