Brokerages Set iA Financial Co. Inc. (TSE:IAG) PT at C$140.75

Shares of iA Financial Co. Inc. (TSE:IAG) have been assigned an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$140.75.

IAG has been the topic of several research analyst reports. Scotiabank cut shares of iA Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, February 3rd. Royal Bank of Canada increased their target price on iA Financial from C$137.00 to C$141.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 20th. TD Securities boosted their price target on iA Financial from C$146.00 to C$147.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. CIBC increased their price objective on iA Financial from C$144.00 to C$149.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Finally, Desjardins boosted their target price on shares of iA Financial from C$140.00 to C$145.00 and gave the company a “hold” rating in a research report on Thursday, February 20th.

Insider Activity at iA Financial

In related news, Senior Officer Alain Bergeron sold 2,750 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of C$136.40, for a total transaction of C$375,100.00. Insiders sold a total of 12,750 shares of company stock valued at $1,731,044 over the last quarter. 0.09% of the stock is owned by corporate insiders.

iA Financial Price Performance

Shares of IAG opened at C$136.99 on Tuesday. The company’s 50-day moving average is C$131.37 and its 200-day moving average is C$126.25. The firm has a market capitalization of C$12.85 billion, a PE ratio of 13.05, a PEG ratio of 1.26 and a beta of 1.13. iA Financial has a fifty-two week low of C$80.95 and a fifty-two week high of C$141.88.

iA Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 2.63%. iA Financial’s dividend payout ratio (DPR) is currently 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.