iA Financial (TSE:IAG) Given New C$147.00 Price Target at TD Securities

iA Financial (TSE:IAG) had its price objective upped by TD Securities from C$146.00 to C$147.00 in a research note released on Tuesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other research analysts have also recently issued reports about the stock. BMO Capital Markets increased their price target on shares of iA Financial from C$140.00 to C$150.00 and gave the company an “outperform” rating in a 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. National Bankshares upped their price objective on iA Financial from C$118.00 to C$121.00 in a report on Wednesday, November 6th. Royal Bank of Canada increased their price objective on iA Financial from C$137.00 to C$141.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 20th. Finally, Desjardins boosted their target price on shares of iA Financial from C$140.00 to C$145.00 and gave the company a “hold” rating in a research report on Thursday, February 20th. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$140.75.

iA Financial Price Performance

TSE:IAG opened at C$129.62 on Tuesday. The company has a market cap of C$12.16 billion, a P/E ratio of 12.35, a P/E/G ratio of 1.26 and a beta of 1.13. The firm’s fifty day moving average price is C$131.55 and its two-hundred day moving average price is C$120.85. iA Financial has a one year low of C$80.95 and a one year high of C$141.88.

iA Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.78%. iA Financial’s dividend payout ratio is 31.25%.

Insiders Place Their Bets

In other iA Financial news, Senior Officer Alain Bergeron sold 510 shares of the firm’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of C$133.58, for a total value of C$68,125.80. Also, Director Denis Ricard sold 5,000 shares of iA Financial stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$137.00, for a total value of C$685,000.00. Insiders have sold 11,010 shares of company stock worth $1,489,142 over the last ninety days. Corporate insiders own 0.09% of the company’s stock.

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.