iA Financial (TSE:IAG) Stock Rating Lowered by National Bankshares

National Bankshares downgraded shares of iA Financial (TSE:IAG - Free Report) from an outperform rating to a sector perform rating in a report published on Friday morning, BayStreet.CA reports. The brokerage currently has C$118.00 target price on the stock, up from their prior target price of C$102.00.

Other equities analysts have also recently issued reports about the company. BMO Capital Markets increased their price target on iA Financial from C$102.00 to C$111.00 in a report on Thursday, August 8th. Scotiabank raised their target price on iA Financial from C$100.00 to C$110.00 in a report on Thursday, August 8th. Royal Bank of Canada raised their target price on iA Financial from C$102.00 to C$105.00 and gave the stock a "moderate buy" rating in a report on Thursday, August 8th. TD Securities raised their target price on iA Financial from C$110.00 to C$114.00 and gave the stock a "buy" rating in a report on Wednesday, August 7th. Finally, CIBC raised their target price on iA Financial from C$100.00 to C$106.00 in a report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, iA Financial currently has a consensus rating of "Moderate Buy" and an average price target of C$107.25.

iA Financial Stock Performance

Shares of TSE IAG traded down C$2.89 during midday trading on Friday, hitting C$112.94. 223,167 shares of the stock traded hands, compared to its average volume of 282,693. The firm has a 50-day moving average of C$108.34 and a two-hundred day moving average of C$94.70. The firm has a market capitalization of C$10.75 billion, a P/E ratio of 15.04, a PEG ratio of 1.26 and a beta of 1.13. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.17 and a current ratio of 2.22. iA Financial has a one year low of C$77.61 and a one year high of C$119.25.

iA Financial (TSE:IAG - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported C$2.75 earnings per share for the quarter, beating the consensus estimate of C$2.58 by C$0.17. The firm had revenue of C$1.64 billion for the quarter. iA Financial had a return on equity of 10.51% and a net margin of 9.02%. On average, equities analysts forecast that iA Financial will post 11.6187564 EPS for the current fiscal year.

iA Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 23rd were paid a $0.82 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $3.28 dividend on an annualized basis and a yield of 2.90%. iA Financial's payout ratio 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.