iA Financial (TSE:IAG) Price Target Raised to C$150.00 at BMO Capital Markets

iA Financial (TSE:IAG) had its price target boosted by BMO Capital Markets from C$140.00 to C$150.00 in a research report released on Thursday morning,BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

A number of other equities research analysts also recently commented on the company. Royal Bank of Canada downgraded iA Financial from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from C$105.00 to C$137.00 in a research report on Thursday, November 7th. National Bankshares upped their target price on iA Financial from C$118.00 to C$121.00 in a report on Wednesday, November 6th. National Bank Financial cut iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. CIBC upped their price objective on shares of iA Financial from C$143.00 to C$144.00 in a research note on Thursday, January 30th. Finally, Cibc World Mkts upgraded shares of iA Financial from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. Five investment 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 company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$140.63.

iA Financial Price Performance

IAG stock opened at C$129.25 on Thursday. The firm has a market cap 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 has a 12 month low of C$80.95 and a 12 month high of C$141.88. The firm has a 50 day simple moving average of C$131.75 and a 200 day simple moving average of C$120.05.

iA Financial Announces Dividend

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

Insider Activity at iA Financial

In other iA Financial news, Director Denis Ricard sold 5,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$137.00, for a total value of C$685,000.00. Also, Senior Officer Alain Bergeron sold 2,750 shares of the company’s stock in a transaction dated Thursday, November 28th. The stock was sold at an average price of C$134.00, for a total value of C$368,500.00. Following the completion of the transaction, the insider now directly owns 500 shares in the company, valued at approximately C$67,000. The trade was a 84.62 % decrease in their ownership of the stock. Over the last three months, insiders have sold 11,010 shares of company stock valued at $1,489,142. 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.