iA Financial Co. Inc. (TSE:IAG) Receives C$69.85 Average PT from Brokerages

iA Financial Co. Inc. (TSE:IAG) has received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$69.85.

A number of analysts have weighed in on IAG shares. BMO Capital Markets raised their price objective on shares of iA Financial from C$99.00 to C$101.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Desjardins reduced their price target on shares of iA Financial from C$94.00 to C$89.00 and set a “hold” rating for the company in a research report on Thursday, February 22nd. CIBC boosted their target price on iA Financial from C$95.00 to C$97.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. National Bankshares dropped their price target on iA Financial from C$104.00 to C$102.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 21st. Finally, Scotiabank reduced their price objective on iA Financial from C$104.00 to C$95.00 and set an “outperform” rating for the company in a research note on Thursday, February 22nd.

Insider Buying and Selling

In other iA Financial news, Senior Officer Alain Bergeron sold 5,000 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$86.63, for a total value of C$433,140.00. In other news, Senior Officer Michael Lee Stickney sold 1,400 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of C$85.07, for a total value of C$119,091.98. Also, Senior Officer Alain Bergeron sold 5,000 shares of iA Financial stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$86.63, for a total value of C$433,140.00. Insiders sold a total of 11,400 shares of company stock valued at $975,169 over the last three months. 0.15% of the stock is currently owned by company insiders.

iA Financial Price Performance

iA Financial stock opened at C$81.54 on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.17 and a debt-to-equity ratio of 34.57. The company has a fifty day simple moving average of C$86.96 and a 200-day simple moving average of C$87.28. The stock has a market cap of C$8.12 billion, a P/E ratio of 10.90, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. iA Financial has a 12-month low of C$77.61 and a 12-month high of C$93.90.

iA Financial (TSE:IAG) last announced its quarterly earnings results on Tuesday, February 20th. The company reported C$2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$2.49 by C($0.15). iA Financial had a return on equity of 11.14% and a net margin of 9.95%. The business had revenue of C$1.55 billion for the quarter. Equities analysts expect that iA Financial will post 10.3410758 EPS for the current fiscal year.

iA Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.82 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.02%. This is a positive change from iA Financial’s previous quarterly dividend of $0.77. iA Financial’s payout ratio is presently 43.85%.

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.