iA Financial (TSE:IAG) Price Target Raised to C$146.00

iA Financial (TSE:IAG) had its price objective upped by TD Securities from C$143.00 to C$146.00 in a research note published on Wednesday,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other research analysts have also recently issued reports on IAG. Cormark lifted their price objective on iA Financial from C$127.00 to C$130.00 in a research note on Wednesday, November 6th. Scotiabank cut shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. BMO Capital Markets raised their price objective on shares of iA Financial from C$126.00 to C$140.00 in a research note on Thursday, November 7th. National Bankshares lifted their target price on shares of iA Financial from C$118.00 to C$121.00 in a report on Wednesday, November 6th. Finally, Cibc World Mkts upgraded shares of iA Financial from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$140.63.

iA Financial Stock Performance

IAG stock opened at C$127.12 on Wednesday. The firm has a 50 day moving average price of C$131.62 and a 200-day moving average price of C$120.30. iA Financial has a 52-week low of C$80.95 and a 52-week high of C$141.88. The firm has a market capitalization of C$11.93 billion, a price-to-earnings ratio of 12.11, a PEG ratio of 1.26 and a beta of 1.13.

iA Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 2.83%. iA Financial’s payout ratio is 31.25%.

Insider Activity at iA Financial

In other news, Director Denis Ricard sold 5,000 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of C$137.00, for a total transaction of C$685,000.00. Also, Senior Officer Alain Bergeron sold 510 shares of the firm’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of C$133.58, for a total value of C$68,125.80. Insiders have sold a total of 11,010 shares of company stock worth $1,489,142 over the last quarter. Company insiders own 0.09% of the company’s stock.

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.