iA Financial Co. Inc. (TSE:IAG) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of iA Financial Co. Inc. (TSE:IAG) have received an average rating of “Moderate Buy” from the nine analysts that are presently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$139.75.

A number of equities research analysts recently issued reports on IAG shares. 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. Scotiabank cut their price objective on shares of iA Financial from C$143.00 to C$140.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 1st. Desjardins boosted their price objective on shares of iA Financial from C$140.00 to C$145.00 and gave the company a “hold” rating in a research report on Thursday, February 20th. CIBC cut their price objective on shares of iA Financial from C$149.00 to C$144.00 and set an “outperform” rating on the stock in a research report on Thursday, May 1st. Finally, TD Securities upped their price target on shares of iA Financial from C$140.00 to C$147.00 and gave the stock a “buy” rating in a report on Thursday, May 8th.

Insider Buying and Selling

In related news, Senior Officer Alain Bergeron sold 2,750 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of C$135.37, for a total value of C$372,267.50. Also, Senior Officer Renée Laflamme sold 10,000 shares of the company’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of C$136.33, for a total transaction of C$1,363,264.00. In the last quarter, insiders sold 22,750 shares of company stock valued at $3,094,308. 0.09% of the stock is owned by corporate insiders.

iA Financial Stock Performance

IAG stock opened at C$137.55 on Wednesday. iA Financial has a one year low of C$84.29 and a one year high of C$141.88. The company’s fifty day moving average price is C$130.30 and its 200-day moving average price is C$130.55. The company has a market capitalization of C$12.91 billion, a PE ratio of 13.10, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13.

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 issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.62%. iA Financial’s payout ratio is presently 31.25%.

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.