iA Financial (TSE:IAG) Price Target Raised to C$150.00

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

IAG has been the topic of a number of other research reports. Cormark upped their price target on iA Financial from C$127.00 to C$130.00 in a research report on Wednesday, November 6th. Cibc World Mkts raised shares of iA Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. National Bankshares raised their price objective on shares of iA Financial from C$118.00 to C$121.00 in a report on Wednesday, November 6th. Royal Bank of Canada cut shares of iA Financial from an “outperform” rating to a “sector perform” rating and boosted their target price for the company from C$105.00 to C$137.00 in a report on Thursday, November 7th. Finally, CIBC increased their target price on iA Financial from C$143.00 to C$144.00 in a research report on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, iA Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of C$140.63.

iA Financial Stock Performance

IAG opened at C$127.12 on Thursday. iA Financial has a fifty-two week low of C$80.95 and a fifty-two week high of C$141.88. The firm has a 50-day moving average of C$131.62 and a 200 day moving average of C$120.30. The firm has a market cap of C$11.93 billion, a P/E ratio of 12.11, a PEG ratio of 1.26 and a beta of 1.13.

iA Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.83%. iA Financial’s dividend payout ratio (DPR) is 31.25%.

Insiders Place Their Bets

In related news, Director Denis Ricard sold 5,000 shares of iA Financial stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$137.00, for a total value of C$685,000.00. Also, Senior Officer Alain Bergeron sold 510 shares of the company’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of C$133.58, for a total transaction of C$68,125.80. Insiders sold 11,010 shares of company stock valued at $1,489,142 over the last three months. 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.