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

Shares of iA Financial Co. Inc. (TSE:IAG) have earned a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$129.75.

Several research analysts have recently issued reports on IAG shares. National Bank Financial cut shares of iA Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. National Bankshares increased their price target on iA Financial from C$118.00 to C$121.00 in a report on Wednesday, November 6th. CIBC lifted their price objective on iA Financial from C$133.00 to C$143.00 in a report on Wednesday, November 13th. Scotiabank upped their price target on shares of iA Financial from C$126.00 to C$143.00 in a research note on Thursday, November 7th. Finally, Cibc World Mkts raised iA Financial from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th.

Insider Buying and Selling at iA Financial

In other news, Senior Officer Pierre Miron sold 15,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of C$129.23, for a total value of C$1,938,415.50. Also, Senior Officer Michael Lee Stickney sold 1,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of C$130.60, for a total transaction of C$130,600.00. Insiders have sold 58,010 shares of company stock valued at $7,675,070 over the last three months. 0.09% of the stock is owned by company insiders.

iA Financial Trading Down 0.3 %

TSE IAG opened at C$130.79 on Thursday. The firm has a market cap of C$12.44 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 1.26 and a beta of 1.13. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.17 and a current ratio of 2.22. iA Financial has a one year low of C$80.95 and a one year high of C$138.01. The firm has a 50 day simple moving average of C$130.83 and a 200-day simple moving average of C$110.51.

iA Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 22nd were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 2.75%. This is a boost from iA Financial’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend was Friday, November 22nd. iA Financial’s payout ratio is 43.91%.

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.