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

Shares of iA Financial Co. Inc. (TSE:IAG) have been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$74.38.

A number of brokerages have recently commented on IAG. Scotiabank cut their price target on iA Financial from C$104.00 to C$95.00 and set an “outperform” rating on the stock in a report on Thursday, February 22nd. BMO Capital Markets boosted their price target on iA Financial from C$99.00 to C$101.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. National Bankshares cut their price target on 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. 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 report on Thursday, February 22nd. Finally, CIBC boosted their price target on iA Financial from C$95.00 to C$97.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st.

iA Financial Stock Performance

IAG stock opened at C$85.41 on Friday. The business’s 50-day moving average price is C$84.86 and its two-hundred day moving average price is C$87.13. 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$8.51 billion, a PE ratio of 11.42, a P/E/G ratio of 1.26 and a beta of 1.13. iA Financial has a 1-year low of C$77.61 and a 1-year high of C$93.90.

iA Financial (TSE:IAG) last posted its earnings results on Tuesday, February 20th. The company reported C$2.34 earnings per share for the quarter, missing the consensus estimate of C$2.49 by C($0.15). The business 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%. As a group, research analysts forecast that iA Financial will post 10.3410758 earnings per share for the current year.

iA Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $0.82 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This is a positive change from iA Financial’s previous quarterly dividend of $0.77. This represents a $3.28 annualized dividend and a yield of 3.84%. iA Financial’s payout ratio is 43.85%.

Insider Buying and Selling at iA Financial

In other news, Senior Officer Denis Ricard bought 4,000 shares of the stock in a transaction dated Monday, February 26th. The shares were bought at an average cost of C$86.00 per share, with a total value of C$344,000.00. In other news, Senior Officer Denis Ricard bought 4,000 shares of the stock in a transaction dated Monday, February 26th. The shares were bought at an average cost of C$86.00 per share, with a total value of C$344,000.00. Also, Senior Officer Michael Lee Stickney sold 1,400 shares of the stock in a transaction 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. Over the last three months, insiders have sold 11,400 shares of company stock valued at $975,169. 0.15% of the stock is currently owned by company insiders.

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.