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

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

Several research analysts recently commented on IAG shares. TD Securities raised their target price on iA Financial from C$132.00 to C$135.00 in a research report on Wednesday, November 6th. National Bank Financial cut iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Cibc World Mkts raised iA Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. Cormark lifted their price objective on iA Financial from C$127.00 to C$130.00 in a report on Wednesday, November 6th. Finally, Scotiabank lifted their price objective on iA Financial from C$126.00 to C$143.00 in a report on Thursday, November 7th.

iA Financial Stock Down 0.1 %

Shares of IAG stock opened at C$128.13 on Thursday. The stock has a market cap of C$12.19 billion, a P/E ratio of 17.15, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. iA Financial has a one year low of C$80.95 and a one year high of C$138.01. The stock has a fifty day moving average price of C$132.05 and a 200 day moving average price of C$111.73. The company has a debt-to-equity ratio of 46.39, a current ratio of 2.22 and a quick ratio of 0.17.

iA Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 22nd were paid a $0.90 dividend. The ex-dividend date was Friday, November 22nd. This is a positive change from iA Financial’s previous quarterly dividend of $0.82. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.81%. iA Financial’s dividend payout ratio (DPR) is 43.91%.

Insider Activity

In related news, Senior Officer Pierre Miron sold 15,000 shares of iA Financial stock in a transaction dated 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. Also, Senior Officer Michael Lee Stickney sold 1,000 shares of iA Financial stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of C$130.60, for a total value of C$130,600.00. Over the last ninety days, insiders sold 58,010 shares of company stock worth $7,675,070. 0.09% of the stock is owned by corporate insiders.

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.