iA Financial Co. Inc. (TSE:IAG) Receives Average Recommendation of “Moderate Buy” from Analysts

iA Financial Co. Inc. (TSE:IAG) has been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$105.25.

IAG has been the subject of several recent research reports. Royal Bank of Canada lifted their price objective on iA Financial from C$102.00 to C$105.00 and gave the company a “moderate buy” rating in a research note on Thursday, August 8th. BMO Capital Markets lifted their price objective on shares of iA Financial from C$102.00 to C$111.00 in a research note on Thursday, August 8th. CIBC upped their price objective on shares of iA Financial from C$100.00 to C$106.00 in a research report on Thursday, August 8th. Scotiabank boosted their price objective on shares of iA Financial from C$100.00 to C$110.00 in a report on Thursday, August 8th. Finally, TD Securities boosted their price objective on shares of iA Financial from C$110.00 to C$114.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th.

iA Financial Price Performance

The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.17 and a current ratio of 2.22. The stock has a market cap of C$10.67 billion, a P/E ratio of 14.92, a P/E/G ratio of 1.26 and a beta of 1.12. The stock has a 50-day moving average price of C$99.78 and a 200 day moving average price of C$91.21. iA Financial has a 12-month low of C$77.61 and a 12-month high of C$112.72.

iA Financial (TSE:IAG) last posted its quarterly earnings data on Tuesday, August 6th. The company reported C$2.75 EPS for the quarter, beating analysts’ consensus estimates of C$2.58 by C$0.17. The business had revenue of C$1.64 billion during the quarter. iA Financial had a return on equity of 10.51% and a net margin of 9.02%. As a group, equities research analysts forecast that iA Financial will post 11.6585366 EPS for the current fiscal year.

iA Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 23rd were paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of ∞. The ex-dividend date of this dividend was Friday, August 23rd. iA Financial’s payout ratio is currently 43.97%.

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.