iA Financial (TSE:IAG) Price Target Raised to C$230.00

iA Financial (TSE:IAG) had its target price increased by Desjardins from C$220.00 to C$230.00 in a research report released on Wednesday morning,BayStreet reports. The brokerage currently has a hold rating on the stock.

IAG has been the topic of several other reports. National Bank Financial boosted their target price on iA Financial from C$215.00 to C$221.00 and gave the company a “sector perform” rating in a research note on Tuesday. BMO Capital Markets upped their target price on iA Financial from C$215.00 to C$225.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Scotia raised their price target on iA Financial from C$198.52 to C$223.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 6th. Scotiabank lifted their price target on shares of iA Financial from C$168.00 to C$198.52 and gave the company a “sector perform” rating in a report on Wednesday, July 15th. Finally, TD lifted their price target on shares of iA Financial from C$219.00 to C$225.00 and gave the company a “hold” rating in a report on Tuesday. Two investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$217.17.

iA Financial Trading Down 1.2%

iA Financial stock opened at C$216.19 on Wednesday. The firm has a market cap of C$18.83 billion, a P/E ratio of 20.38, a P/E/G ratio of 1.26 and a beta of 0.74. iA Financial has a 1-year low of C$145.44 and a 1-year high of C$225.14. The firm has a 50-day moving average of C$210.55 and a 200-day moving average of C$186.53.

iA Financial (TSE:IAG) last released its quarterly earnings data on Monday, November 9th. The company reported C$4.03 earnings per share for the quarter. iA Financial had a return on equity of 12.43% and a net margin of 7.71%. The business had revenue of C$3.06 billion during the quarter. Research analysts forecast that iA Financial will post 11.62 earnings per share for the current fiscal year.

iA Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 15th will be issued a dividend of $1.18 per share. The ex-dividend date is Friday, November 20th. This represents a $4.72 annualized dividend and a dividend yield of 2.2%. iA Financial’s dividend payout ratio (DPR) is presently 39.40%.

About iA Financial

iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States. Founded in 1892, it is an important Canadian public company and is listed on the Toronto Stock Exchange under the ticker symbol IAG (common shares). To learn more about iA Financial Group, you can sign up for our newsletter on our website at ia.ca. iA Financial Group is a business name and trademark of iA Financial Corporation Inc.