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

iA Financial Co. Inc. (TSE:IAG) has received an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$140.75.

IAG has been the topic of a number of recent analyst reports. TD Securities boosted 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. BMO Capital Markets boosted their price objective 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 lowered iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Royal Bank of Canada set a C$141.00 price objective on iA Financial and gave the company a “sector perform” rating in a report on Tuesday. Finally, Desjardins lifted their target price on iA Financial from C$140.00 to C$145.00 and gave the stock a “hold” rating in a report on Thursday, February 20th.

iA Financial Price Performance

iA Financial stock opened at C$126.74 on Friday. The company’s 50-day moving average is C$129.69 and its 200-day moving average is C$128.33. The firm has a market capitalization of C$11.89 billion, a PE ratio of 12.07, a P/E/G ratio of 1.26 and a beta of 1.13. iA Financial has a fifty-two week low of C$81.24 and a fifty-two week high of C$141.88.

iA Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 2.84%. iA Financial’s payout ratio is 31.25%.

Insider Buying and Selling at iA Financial

In other news, Senior Officer Alain Bergeron sold 2,750 shares of the business’s stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of C$136.99, for a total transaction of C$376,722.50. Insiders have sold a total of 12,750 shares of company stock valued at $1,731,044 in the last ninety days. 0.09% of the stock is currently owned by company insiders.

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.