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

iA Financial Co. Inc. (TSE:IAG) has been given an average rating of “Moderate Buy” by the nine research firms that are covering the firm, Marketbeat Ratings reports. Five investment 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 company. The average 12-month target price among brokerages that have covered the stock in the last year is C$140.75.

IAG has been the topic of several analyst reports. Scotiabank lowered shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Royal Bank of Canada increased their target price on shares of 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. CIBC raised their target price on iA Financial from C$144.00 to C$149.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. BMO Capital Markets upped their price target on iA Financial from C$140.00 to C$150.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Finally, Desjardins raised their price objective on iA Financial from C$140.00 to C$145.00 and gave the company a “hold” rating in a research note on Thursday, February 20th.

Insider Transactions at iA Financial

In other news, Senior Officer Alain Bergeron sold 510 shares of the company’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of C$133.58, for a total transaction of C$68,125.80. Insiders sold a total of 10,510 shares of company stock worth $1,414,864 over the last three months. 0.09% of the stock is currently owned by insiders.

iA Financial Stock Performance

Shares of TSE IAG opened at C$127.48 on Friday. The stock has a market cap of C$11.96 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 1.26 and a beta of 1.13. The business has a 50 day simple moving average of C$131.60 and a 200 day simple moving average of C$122.58. iA Financial has a 52 week low of C$80.95 and a 52 week high of C$141.88.

iA Financial Dividend Announcement

The firm 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 $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.82%. iA Financial’s dividend payout ratio is currently 31.25%.

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.