iA Financial (TSE:IAG) Price Target Raised to C$140.00

iA Financial (TSE:IAG) had its price target boosted by BMO Capital Markets from C$126.00 to C$140.00 in a research note published on Thursday,BayStreet.CA reports.

Several other equities research analysts have also recently weighed in on IAG. TD Securities upped their target price on iA Financial from C$132.00 to C$135.00 in a report on Wednesday. Royal Bank of Canada lowered shares of iA Financial from an “outperform” rating to a “sector perform” rating and upped their price objective for the stock from C$105.00 to C$137.00 in a research note on Thursday. Scotiabank increased their target price on shares of iA Financial from C$126.00 to C$143.00 in a report on Thursday. CIBC increased their target price on shares of iA Financial from C$120.00 to C$133.00 in a report on Thursday. Finally, Cormark increased their target price on shares of iA Financial from C$127.00 to C$130.00 in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$128.50.

iA Financial Stock Performance

iA Financial stock opened at C$127.99 on Thursday. 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 company has a market capitalization of C$12.18 billion, a PE ratio of 17.13, a P/E/G ratio of 1.26 and a beta of 1.13. The company has a 50 day moving average price of C$112.36 and a 200-day moving average price of C$97.25. iA Financial has a fifty-two week low of C$80.95 and a fifty-two week high of C$134.29.

iA Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be issued a $0.90 dividend. This is a boost from iA Financial’s previous quarterly dividend of $0.82. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend is Friday, November 22nd. iA Financial’s dividend payout ratio (DPR) is currently 43.91%.

Insider Activity

In other news, Senior Officer Michael Lee Stickney sold 1,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of C$130.60, for a total value of C$130,600.00. In other news, Senior Officer Michael Lee Stickney sold 1,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of C$130.60, for a total value of C$130,600.00. Also, Director Denis Ricard sold 7,200 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of C$131.00, for a total transaction of C$943,200.00. Company insiders own 0.09% of the company’s stock.

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.