iA Financial (TSE:IAG – Free Report) had its price objective raised by Royal Bank of Canada from C$102.00 to C$105.00 in a research note issued to investors on Thursday morning, Marketbeat reports. They currently have a moderate buy rating on the stock.
A number of other research analysts have also commented on IAG. Scotiabank boosted their price target on shares of iA Financial from C$100.00 to C$110.00 in a research report on Thursday. TD Securities boosted their price target on shares of iA Financial from C$110.00 to C$114.00 and gave the company a buy rating in a research report on Wednesday, August 7th. BMO Capital Markets boosted their price target on shares of iA Financial from C$102.00 to C$111.00 in a research report on Thursday. CIBC upgraded shares of iA Financial from a neutral rating to an outperform rating and upped their target price for the stock from C$97.00 to C$100.00 in a research report on Friday, May 10th. Finally, Cormark upped their target price on shares of iA Financial from C$103.00 to C$105.00 in a research report on Friday, May 10th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, iA Financial currently has a consensus rating of Moderate Buy and a consensus target price of C$94.06.
Get Our Latest Research Report on iA Financial
iA Financial Trading Up 3.0 %
iA Financial (TSE:IAG – Get Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported C$2.44 EPS for the quarter, beating analysts’ consensus estimates of C$2.38 by C$0.06. The firm had revenue of C$1.60 billion during the quarter. iA Financial had a net margin of 10.50% and a return on equity of 10.51%. As a group, analysts anticipate that iA Financial will post 10.6511628 earnings per share for the current year.
iA Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 23rd will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.31%. The ex-dividend date is Friday, August 23rd. iA Financial’s dividend payout ratio is presently 43.91%.
Insiders Place Their Bets
In other iA Financial news, Senior Officer Michael Lee Stickney sold 1,000 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of C$91.42, for a total value of C$91,420.00. In other iA Financial news, Director Denis Ricard sold 5,400 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of C$92.00, for a total value of C$496,800.00. Also, Senior Officer Michael Lee Stickney sold 1,000 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of C$91.42, for a total transaction of C$91,420.00. Insiders sold 31,000 shares of company stock valued at $2,850,331 over the last three months. 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.
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