iA Financial Co. Inc. (TSE:IAG) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of iA Financial Co. Inc. (TSE:IAG - Get Free Report) have received an average rating of "Moderate Buy" from the nine analysts that are presently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$139.75.

A number of equities research analysts recently issued reports on IAG shares. BMO Capital Markets upped their price target on shares of iA Financial from C$140.00 to C$150.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Scotiabank cut their price objective on shares of iA Financial from C$143.00 to C$140.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 1st. Desjardins boosted 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. CIBC cut their price objective on shares of iA Financial from C$149.00 to C$144.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Finally, TD Securities upped their price target on shares of iA Financial from C$140.00 to C$147.00 and gave the stock a "buy" rating in a report on Thursday, May 8th.

Insider Buying and Selling

In related news, Senior Officer Alain Bergeron sold 2,750 shares of the business's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of C$135.37, for a total value of C$372,267.50. Also, Senior Officer Renée Laflamme sold 10,000 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of C$136.33, for a total transaction of C$1,363,264.00. In the last quarter, insiders sold 22,750 shares of company stock valued at $3,094,308. 0.09% of the stock is owned by corporate insiders.

iA Financial Stock Performance

IAG stock opened at C$137.55 on Wednesday. iA Financial has a one year low of C$84.29 and a one year high of C$141.88. The company's fifty day moving average price is C$130.30 and its 200-day moving average price is C$130.55. The company has a market capitalization of C$12.91 billion, a PE ratio of 13.10, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13.

iA Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.62%. iA Financial's payout ratio is presently 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.

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