iA Financial Co. Inc. (TSE:IAG) Receives Consensus Recommendation of “Moderate Buy” from Analysts

iA Financial Co. Inc. (TSE:IAG) has received an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$129.75.

A number of equities research analysts have commented on IAG shares. CIBC raised their target price on shares of iA Financial from C$133.00 to C$143.00 in a research note on Wednesday, November 13th. BMO Capital Markets lifted their target price on shares of iA Financial from C$126.00 to C$140.00 in a research note on Thursday, November 7th. Cibc World Mkts upgraded iA Financial from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. Cormark boosted their price objective on iA Financial from C$127.00 to C$130.00 in a research report on Wednesday, November 6th. Finally, National Bank Financial downgraded iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th.

Insider Transactions at iA Financial

In other news, Senior Officer Alain Bergeron sold 2,750 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of C$133.64, for a total transaction of C$367,515.78. Also, Senior Officer Pierre Miron sold 15,000 shares of the 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 value of C$1,938,415.50. Over the last three months, insiders have sold 58,010 shares of company stock valued at $7,675,070. 0.09% of the stock is currently owned by company insiders.

iA Financial Trading Down 0.3 %

iA Financial stock opened at C$130.79 on Thursday. The company has a quick ratio of 0.17, a current ratio of 2.22 and a debt-to-equity ratio of 46.39. iA Financial has a 52-week low of C$80.95 and a 52-week high of C$138.01. The company has a market cap of C$12.44 billion, a P/E ratio of 17.51, a P/E/G ratio of 1.26 and a beta of 1.13. The business has a 50-day simple moving average of C$130.83 and a two-hundred day simple moving average of C$110.51.

iA Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 22nd were paid a $0.90 dividend. This is a positive change from iA Financial’s previous quarterly dividend of $0.82. The ex-dividend date was Friday, November 22nd. This represents a $3.60 dividend on an annualized basis and a yield of 2.75%. 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.