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

iA Financial Co. Inc. (TSE:IAG) has earned an average rating of “Moderate Buy” from the nine brokerages that are currently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$140.75.

A number of equities analysts have issued reports on IAG shares. BMO Capital Markets increased their target price on iA Financial from C$140.00 to C$150.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Scotiabank downgraded iA Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, February 3rd. CIBC boosted their target price on iA Financial from C$144.00 to C$149.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. TD Securities upped their price target on 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. Finally, Desjardins lifted 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 report on Thursday, February 20th.

Insider Buying and Selling at iA Financial

In other news, Senior Officer Alain Bergeron sold 2,750 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of C$134.01, for a total value of C$368,525.85. Insiders sold a total of 10,000 shares of company stock worth $1,346,738 over the last quarter. 0.09% of the stock is currently owned by insiders.

iA Financial Stock Up 1.6 %

Shares of IAG stock opened at C$136.45 on Tuesday. iA Financial has a 12-month low of C$80.95 and a 12-month high of C$141.88. The firm has a fifty day moving average of C$130.78 and a 200-day moving average of C$125.47. The company has a market capitalization of C$12.80 billion, a price-to-earnings ratio of 13.00, a P/E/G ratio of 1.26 and a beta of 1.13.

iA Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors 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 yield of 2.64%. iA Financial’s payout ratio is 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.