TD Securities Issues Positive Forecast for iA Financial (TSE:IAG) Stock Price

iA Financial (TSE:IAG) had its target price lifted by TD Securities from C$143.00 to C$146.00 in a research note published on Wednesday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Other analysts have also issued research reports about the company. Cibc World Mkts raised iA Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. National Bankshares upped their target price on shares of iA Financial from C$118.00 to C$121.00 in a research note on Wednesday, November 6th. BMO Capital Markets raised their price target on shares of iA Financial from C$126.00 to C$140.00 in a research report on Thursday, November 7th. Scotiabank lowered iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada lowered iA Financial from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from C$105.00 to C$137.00 in a report on Thursday, November 7th. Five analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$131.25.

iA Financial Price Performance

Shares of IAG stock opened at C$133.70 on Wednesday. iA Financial has a 1-year low of C$80.95 and a 1-year high of C$141.88. The firm has a market cap of C$12.54 billion, a PE ratio of 12.74, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. The company has a 50-day moving average of C$131.86 and a two-hundred day moving average of C$119.78.

iA Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.69%. iA Financial’s dividend payout ratio (DPR) is 31.25%.

Insider Activity at iA Financial

In related news, Senior Officer Alain Bergeron sold 2,750 shares of the company’s stock in a transaction on Thursday, November 28th. The shares were sold at an average price of C$134.00, for a total value of C$368,500.00. Following the completion of the sale, the insider now owns 500 shares in the company, valued at C$67,000. This represents a 84.62 % decrease in their position. Also, Director Denis Ricard sold 5,000 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of C$137.00, for a total transaction of C$685,000.00. Insiders sold a total of 11,010 shares of company stock valued at $1,489,142 in the last three months. 0.09% of the stock is currently owned by company insiders.

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.