iA Financial Co. Inc. (TSE:IAG) Receives C$140.75 Consensus Price Target from Brokerages

iA Financial Co. Inc. (TSE:IAG) has been given an average recommendation of “Moderate Buy” by the nine ratings firms that are covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation, three 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 ratings on the stock in the last year is C$140.75.

Several analysts have issued reports on the stock. Desjardins raised their price target on shares of iA Financial from C$140.00 to C$145.00 and gave the stock a “hold” rating in a research report on Thursday, February 20th. BMO Capital Markets lifted their target price on 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. Scotiabank cut iA Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, February 3rd. Royal Bank of Canada lifted their price objective on iA Financial from C$137.00 to C$141.00 and gave the stock a “sector perform” rating in a report on Thursday, February 20th. Finally, CIBC upped their target price on iA Financial from C$144.00 to C$149.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th.

Insider Activity at iA Financial

In related news, Senior Officer Alain Bergeron sold 2,750 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of C$134.01, for a total transaction of C$368,525.85. Insiders sold 12,750 shares of company stock valued at $1,731,044 in the last ninety days. Insiders own 0.09% of the company’s stock.

iA Financial Trading Down 0.2 %

IAG opened at C$136.66 on Tuesday. iA Financial has a 1-year low of C$80.95 and a 1-year high of C$141.88. The business has a 50 day moving average of C$131.48 and a 200-day moving average of C$126.62. The stock has a market capitalization of C$12.82 billion, a price-to-earnings ratio of 13.02, a P/E/G ratio of 1.26 and a beta of 1.13.

iA Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.63%. iA Financial’s payout ratio is 31.25%.

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.