iA Financial Co. Inc. (TSE:IAG) Receives Consensus Rating of “Moderate Buy” from Brokerages

iA Financial Co. Inc. (TSE:IAG) has been given a consensus rating of “Moderate Buy” by the seven analysts that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$69.85.

A number of equities research analysts have weighed in on the company. Desjardins decreased their target price on iA Financial from C$94.00 to C$89.00 and set a “hold” rating for the company in a research report on Thursday, February 22nd. CIBC raised their target price on shares of iA Financial from C$95.00 to C$97.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. Scotiabank lowered their price target on shares of iA Financial from C$104.00 to C$95.00 and set an “outperform” rating for the company in a research report on Thursday, February 22nd. National Bankshares cut their price objective on shares of iA Financial from C$104.00 to C$102.00 and set an “outperform” rating on the stock in a report on Wednesday, February 21st. Finally, BMO Capital Markets upped their target price on iA Financial from C$99.00 to C$101.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th.

Insider Activity

In related news, Senior Officer Michael Lee Stickney sold 1,400 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of C$85.07, for a total transaction of C$119,091.98. In related news, Senior Officer Michael Lee Stickney sold 1,400 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of C$85.07, for a total value of C$119,091.98. Also, Senior Officer Denis Ricard bought 4,000 shares of the company’s stock in a transaction on Monday, February 26th. The shares were bought at an average cost of C$86.00 per share, for a total transaction of C$344,000.00. In the last quarter, insiders sold 11,400 shares of company stock worth $975,169. Insiders own 0.15% of the company’s stock.

iA Financial Trading Down 0.5 %

IAG stock opened at C$81.54 on Tuesday. iA Financial has a 12 month low of C$77.61 and a 12 month high of C$93.90. The firm’s 50-day moving average is C$86.96 and its 200 day moving average is C$87.28. The company has a market capitalization of C$8.12 billion, a PE ratio of 10.90, a P/E/G ratio of 1.26 and a beta of 1.13. The company has a debt-to-equity ratio of 34.57, a current ratio of 0.82 and a quick ratio of 0.17.

iA Financial (TSE:IAG) last issued its earnings results on Tuesday, February 20th. The company reported C$2.34 EPS for the quarter, missing analysts’ consensus estimates of C$2.49 by C($0.15). The company had revenue of C$1.55 billion for the quarter. iA Financial had a return on equity of 11.14% and a net margin of 9.95%. On average, research analysts anticipate that iA Financial will post 10.3410758 EPS for the current year.

iA Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.82 per share. The ex-dividend date of this dividend was Thursday, February 29th. This is an increase from iA Financial’s previous quarterly dividend of $0.77. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.02%. 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.