iA Financial (TSE:IAG – Free Report) had its target price hoisted by TD Securities from C$110.00 to C$114.00 in a report published on Wednesday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.
A number of other analysts have also recently weighed in on IAG. Scotiabank increased their target price on shares of iA Financial from C$98.00 to C$100.00 and gave the stock a sector perform rating in a report on Thursday, August 1st. Royal Bank of Canada increased their target price on shares of iA Financial from C$101.00 to C$102.00 in a report on Friday, May 10th. CIBC raised shares of iA Financial from a neutral rating to an outperform rating and increased their target price for the stock from C$97.00 to C$100.00 in a report on Friday, May 10th. BMO Capital Markets increased their target price on shares of iA Financial from C$101.00 to C$102.00 in a report on Friday, May 10th. Finally, Cormark increased their price objective on shares of iA Financial from C$103.00 to C$105.00 in a report on Friday, May 10th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of C$94.06.
Check Out Our Latest Report on iA Financial
iA Financial Trading Up 3.0 %
iA Financial (TSE:IAG – Get Free Report) last issued its earnings results on Thursday, May 9th. The company reported C$2.44 earnings per share for the quarter, topping analysts’ consensus estimates of C$2.38 by C$0.06. The company had revenue of C$1.60 billion for the quarter. iA Financial had a net margin of 10.50% and a return on equity of 10.51%. As a group, research analysts expect that iA Financial will post 10.6511628 EPS for the current fiscal year.
iA Financial Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 23rd will be given a $0.82 dividend. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $3.28 dividend on an annualized basis and a yield of 3.31%. iA Financial’s dividend payout ratio is presently 43.91%.
Insider Activity at iA Financial
In related news, Senior Officer Alain Bergeron sold 5,000 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of C$90.41, for a total value of C$452,070.00. Following the completion of the transaction, the insider now owns 500 shares in the company, valued at approximately C$45,207. In other news, Senior Officer Alain Bergeron sold 5,000 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of C$90.41, for a total transaction of C$452,070.00. Following the completion of the transaction, the insider now owns 500 shares in the company, valued at approximately C$45,207. Also, Director Denis Ricard sold 4,600 shares of the firm’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of C$92.00, for a total transaction of C$423,200.00. Insiders sold 31,000 shares of company stock worth $2,850,331 in the last 90 days. Corporate insiders own 0.09% of the company’s stock.
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.
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