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

Shares of iA Financial Co. Inc. (TSE:IAG) have been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$129.75.

IAG has been the topic of a number of analyst reports. Scotiabank lifted their price objective on shares of iA Financial from C$126.00 to C$143.00 in a report on Thursday, November 7th. Cormark boosted their price target on shares of iA Financial from C$127.00 to C$130.00 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 lifted their target price for the stock from C$105.00 to C$137.00 in a research report on Thursday, November 7th. BMO Capital Markets upped their target price on iA Financial from C$126.00 to C$140.00 in a report on Thursday, November 7th. Finally, National Bank Financial lowered iA Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th.

iA Financial Stock Up 0.7 %

IAG stock opened at C$132.28 on Wednesday. The stock’s 50 day moving average is C$118.44 and its 200-day moving average is C$101.04. iA Financial has a twelve month low of C$80.95 and a twelve month high of C$137.34. The firm has a market capitalization of C$12.59 billion, a PE ratio of 17.63, a P/E/G ratio of 1.26 and a beta of 1.13. The company has a quick ratio of 0.17, a current ratio of 2.22 and a debt-to-equity ratio of 46.39.

iA Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be paid a dividend of $0.90 per share. This is an increase from iA Financial’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $3.60 annualized dividend and a dividend yield of 2.72%. iA Financial’s dividend payout ratio is presently 43.91%.

Insider Activity at iA Financial

In other iA Financial news, Director Denis Ricard sold 10,000 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of C$135.00, for a total value of C$1,350,000.00. Also, Senior Officer Michael Lee Stickney sold 1,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of C$130.60, for a total value of C$130,600.00. In the last three months, insiders have sold 47,000 shares of company stock worth $6,185,929. Company insiders own 0.09% of the company’s stock.

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.