Royal Bank of Canada Analysts Give iA Financial (TSE:IAG) a C$141.00 Price Target

Royal Bank of Canada set a C$141.00 price objective on iA Financial (TSE:IAG) in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Several other analysts have also issued reports on the company. CIBC upped their price objective on iA Financial from C$144.00 to C$149.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Scotiabank downgraded iA Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, February 3rd. TD Securities lifted their price objective on shares of iA Financial from C$146.00 to C$147.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Desjardins increased their price objective 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. Finally, BMO Capital Markets raised their target price on shares of iA Financial from C$140.00 to C$150.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Five research 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$140.75.

iA Financial Price Performance

iA Financial stock opened at C$126.74 on Tuesday. The company’s 50-day moving average is C$129.73 and its 200-day moving average is C$128.22. The firm has a market capitalization of C$11.89 billion, a PE ratio of 12.07, a P/E/G ratio of 1.26 and a beta of 1.13. iA Financial has a fifty-two week low of C$81.24 and a fifty-two week high of C$141.88.

iA Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.84%. iA Financial’s payout ratio is presently 31.25%.

Insider Activity

In other news, Senior Officer Alain Bergeron sold 2,750 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of C$135.37, for a total transaction of C$372,267.50. Over the last ninety days, insiders sold 12,750 shares of company stock worth $1,731,044. Corporate insiders own 0.09% of the company’s stock.

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.