iA Financial Co. Inc. (TSE:IAG) Receives Average Rating of "Moderate Buy" from Analysts

iA Financial Co. Inc. (TSE:IAG - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the nine brokerages that are covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$139.75.

IAG has been the subject of a number of research analyst reports. CIBC reduced their target price on iA Financial from C$149.00 to C$144.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Royal Bank of Canada set a C$141.00 price target on shares of iA Financial and gave the company a "sector perform" rating in a research report on Tuesday, April 15th. Scotiabank dropped their target price on 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. BMO Capital Markets increased their price target on iA Financial from C$140.00 to C$150.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Finally, TD Securities boosted their price objective on iA Financial from C$140.00 to C$147.00 and gave the company a "buy" rating in a research report on Thursday, May 8th.

iA Financial Stock Performance

TSE:IAG traded up C$0.51 during mid-day trading on Wednesday, hitting C$142.03. 199,078 shares of the company's stock traded hands, compared to its average volume of 259,276. The company has a fifty day moving average of C$131.29 and a 200 day moving average of C$131.10. iA Financial has a twelve month low of C$84.29 and a twelve month high of C$143.75. The company has a market capitalization of C$13.33 billion, a P/E ratio of 13.53, a P/E/G ratio of 1.26 and a beta of 1.13.

iA Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 2.53%. iA Financial's payout ratio is 31.25%.

Insider Activity

In related news, Senior Officer Alain Bergeron sold 1,750 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of C$136.24, for a total transaction of C$238,428.58. Also, Senior Officer Renée Laflamme sold 10,000 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of C$136.33, for a total value of C$1,363,264.00. Insiders sold a total of 32,250 shares of company stock valued at $4,419,558 in the last 90 days. 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.