iA Financial Co. Inc. (TSE:IAG) Receives Consensus Rating of “Moderate Buy” from Analysts

iA Financial Co. Inc. (TSE:IAG) has received an average rating of “Moderate Buy” from the nine research firms that are currently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$140.75.

Several research firms recently weighed in on IAG. Royal Bank of Canada lifted their price target on iA Financial from C$137.00 to C$141.00 and gave the stock a “sector perform” rating in a report on Thursday, February 20th. TD Securities lifted their target price on iA Financial from C$146.00 to C$147.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. BMO Capital Markets upped their price target on shares of iA Financial from C$140.00 to C$150.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. CIBC lifted their price objective on shares of iA Financial from C$144.00 to C$149.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Finally, Desjardins increased their target price on shares of iA Financial from C$140.00 to C$145.00 and gave the stock a “hold” rating in a research report on Thursday, February 20th.

iA Financial Stock Up 1.6 %

iA Financial stock opened at C$136.45 on Tuesday. iA Financial has a twelve month low of C$80.95 and a twelve month high of C$141.88. The stock has a market cap of C$12.80 billion, a P/E ratio of 13.00, a P/E/G ratio of 1.26 and a beta of 1.13. The company’s 50-day moving average price is C$130.78 and its two-hundred day moving average price is C$125.47.

iA Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.64%. iA Financial’s dividend payout ratio (DPR) is presently 31.25%.

Insider Buying and Selling

In related news, Senior Officer Alain Bergeron sold 2,750 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of C$134.01, for a total value of C$368,525.85. In the last 90 days, insiders have sold 10,000 shares of company stock worth $1,346,738. Corporate insiders own 0.09% of the company’s stock.

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.