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

iA Financial Co. Inc. (TSE:IAG) has received a consensus rating of “Moderate Buy” from the nine research firms that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$140.75.

A number of analysts recently commented on the company. Royal Bank of Canada increased their price objective on iA Financial from C$137.00 to C$141.00 and gave the company a “sector perform” rating in a research note on Thursday, February 20th. National Bankshares increased their price target on iA Financial from C$118.00 to C$121.00 in a research note on Wednesday, November 6th. TD Securities upped their target price 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 raised their price target on iA Financial from C$144.00 to C$149.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Finally, Desjardins lifted their price target on iA Financial from C$140.00 to C$145.00 and gave the company a “hold” rating in a report on Thursday, February 20th.

Insiders Place Their Bets

In other iA Financial news, Senior Officer Alain Bergeron sold 1,750 shares of iA Financial stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of C$136.24, for a total value of C$238,428.58. Also, Director Denis Ricard sold 5,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$137.00, for a total transaction of C$685,000.00. Insiders have sold a total of 15,510 shares of company stock worth $2,099,864 over the last quarter. 0.09% of the stock is owned by corporate insiders.

iA Financial Stock Performance

Shares of TSE:IAG opened at C$126.62 on Friday. The business’s fifty day moving average price is C$131.79 and its two-hundred day moving average price is C$122.07. The stock has a market cap of C$11.88 billion, a PE ratio of 12.06, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. iA Financial has a one year low of C$80.95 and a one year high of C$141.88.

iA Financial Dividend Announcement

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