iA Financial (TSE:IAG) Given New C$149.00 Price Target at CIBC

iA Financial (TSE:IAG) had its price objective raised by CIBC from C$144.00 to C$149.00 in a research note released on Thursday,BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

Other analysts have also issued reports about the company. Royal Bank of Canada boosted their target price on iA Financial from C$137.00 to C$141.00 and gave the company a “sector perform” rating in a research note on Thursday. National Bank Financial lowered iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Cibc World Mkts upgraded iA Financial from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. Cormark boosted their target price on iA Financial from C$127.00 to C$130.00 in a research note on Wednesday, November 6th. Finally, BMO Capital Markets boosted their target price on iA Financial from C$140.00 to C$150.00 and gave the company an “outperform” rating in a research note on Thursday. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$140.63.

iA Financial Trading Down 3.3 %

Shares of iA Financial stock opened at C$129.25 on Thursday. The firm has a market capitalization of C$12.13 billion, a P/E ratio of 12.31, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. The business’s fifty day simple moving average is C$131.75 and its 200 day simple moving average is C$120.05. iA Financial has a 12 month low of C$80.95 and a 12 month high of C$141.88.

iA Financial Announces Dividend

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

Insider Activity at iA Financial

In related news, Senior Officer Alain Bergeron sold 510 shares of the business’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of C$133.58, for a total transaction of C$68,125.80. Also, 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. In the last three months, insiders have sold 11,010 shares of company stock worth $1,489,142. 0.09% of the stock is owned by company insiders.

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.