iA Financial Co. Inc. (TSE:IAG) Receives C$69.85 Average Price Target from Brokerages

iA Financial Co. Inc. (TSE:IAG - Get Free Report) has earned a consensus rating of "Moderate Buy" from the seven research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$69.85.

Several brokerages recently issued reports on IAG. BMO Capital Markets increased their price objective on iA Financial from C$99.00 to C$101.00 and gave the stock an "outperform" rating in a research note on Thursday, January 25th. Desjardins cut their price target on iA Financial from C$94.00 to C$89.00 and set a "hold" rating on the stock in a research note on Thursday, February 22nd. CIBC upped their price objective on shares of iA Financial from C$95.00 to C$97.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 31st. Scotiabank cut their target price on shares of iA Financial from C$104.00 to C$95.00 and set an "outperform" rating on the stock in a research report on Thursday, February 22nd. Finally, National Bankshares lowered their price target on shares of iA Financial from C$104.00 to C$102.00 and set an "outperform" rating for the company in a research report on Wednesday, February 21st.

Insider Buying and Selling at iA Financial

In other iA Financial news, Senior Officer Denis Ricard bought 4,000 shares of the company's stock in a transaction that occurred on Monday, February 26th. The shares were purchased at an average cost of C$86.00 per share, for a total transaction of C$344,000.00. In other news, Senior Officer Denis Ricard acquired 4,000 shares of the company's stock in a transaction dated Monday, February 26th. The shares were acquired at an average price of C$86.00 per share, with a total value of C$344,000.00. Also, Senior Officer Alain Bergeron sold 5,000 shares of iA Financial stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$86.63, for a total transaction of C$433,140.00. Insiders sold a total of 11,400 shares of company stock worth $975,169 over the last three months. Corporate insiders own 0.15% of the company's stock.

iA Financial Trading Down 0.3 %

Shares of IAG traded down C$0.29 during trading hours on Tuesday, reaching C$84.30. 281,094 shares of the company traded hands, compared to its average volume of 218,836. The stock's fifty day moving average price is C$87.64 and its 200 day moving average price is C$87.37. The company has a current ratio of 0.82, a quick ratio of 0.17 and a debt-to-equity ratio of 34.57. The firm has a market cap of C$8.40 billion, a price-to-earnings ratio of 11.27, a PEG ratio of 1.26 and a beta of 1.13. iA Financial has a 12-month low of C$77.61 and a 12-month high of C$93.90.

iA Financial (TSE:IAG - Get Free Report) last released its quarterly earnings data on Tuesday, February 20th. The company reported C$2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of C$2.49 by C($0.15). The company had revenue of C$1.55 billion during the quarter. iA Financial had a net margin of 9.95% and a return on equity of 11.14%. Sell-side analysts forecast that iA Financial will post 10.3410758 earnings per share for the current year.

iA Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $0.82 per share. This is a boost from iA Financial's previous quarterly dividend of $0.77. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $3.28 dividend on an annualized basis and a yield of 3.89%. iA Financial's dividend payout ratio is presently 43.85%.

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.