iA Financial (TSE:IAG) Given New C$141.00 Price Target at Royal Bank of Canada

iA Financial (TSE:IAG) had its price target boosted by Royal Bank of Canada from C$137.00 to C$141.00 in a research report report published on Thursday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Other equities analysts have also issued reports about the company. BMO Capital Markets boosted their price objective on iA Financial from C$140.00 to C$150.00 and gave the company an “outperform” rating in a research report on Thursday. National Bank Financial lowered iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. National Bankshares boosted their price objective on iA Financial from C$118.00 to C$121.00 in a research report on Wednesday, November 6th. Scotiabank lowered iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, TD Securities upped their price target on iA Financial from C$143.00 to C$146.00 and gave the stock a “buy” rating in a research report on Wednesday. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, iA Financial presently has a consensus rating of “Moderate Buy” and an average target price of C$140.63.

iA Financial Stock Performance

Shares of IAG opened at C$129.25 on Thursday. The stock has a 50 day simple moving average of C$131.75 and a 200 day simple moving average of C$120.05. iA Financial has a 52-week low of C$80.95 and a 52-week high of C$141.88. The firm has a market capitalization of C$12.13 billion, a PE ratio of 12.31, a P/E/G ratio of 1.26 and a beta of 1.13.

iA Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 2.79%. iA Financial’s dividend payout ratio (DPR) is currently 31.25%.

Insiders Place Their Bets

In other news, Senior Officer Alain Bergeron sold 2,750 shares of the company’s stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of C$133.64, for a total transaction of C$367,515.78. Also, Director Denis Ricard sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$137.00, for a total value of C$685,000.00. Insiders sold a total of 11,010 shares of company stock valued at $1,489,142 in the last quarter. 0.09% of the stock is currently owned by insiders.

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.