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

iA Financial Co. Inc. (TSE:IAG) has been given an average recommendation of “Moderate Buy” by the nine ratings firms that are covering the company, Marketbeat.com reports. Five research 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. The average 12-month price target among analysts that have covered the stock in the last year is C$140.75.

A number of research analysts have recently commented on IAG shares. Royal Bank of Canada set a C$141.00 price target on iA Financial and gave the company a “sector perform” rating in a report on Tuesday, April 15th. Desjardins raised their target price on shares of iA Financial from C$140.00 to C$145.00 and gave the company a “hold” rating in a research note on Thursday, February 20th. TD Securities boosted their price target on shares of iA Financial from C$146.00 to C$147.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. BMO Capital Markets increased their price objective on shares of iA Financial from C$140.00 to C$150.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Finally, Scotiabank cut iA Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, February 3rd.

iA Financial Price Performance

Shares of IAG stock opened at C$129.68 on Friday. The business has a 50 day simple moving average of C$129.51 and a 200 day simple moving average of C$128.63. The firm has a market capitalization of C$12.17 billion, a price-to-earnings ratio of 12.35, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. iA Financial has a 12-month low of C$82.77 and a 12-month high of C$141.88.

iA Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.78%. iA Financial’s dividend payout ratio (DPR) is 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 that occurred on Tuesday, February 25th. The shares were sold at an average price of C$134.01, for a total value of C$368,525.85. In the last quarter, insiders have sold 12,750 shares of company stock valued at $1,731,044. 0.09% of the stock is owned by corporate 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.