Recent Research Analysts’ Ratings Updates for iA Financial (IAG)

Several analysts have recently updated their ratings and price targets for iA Financial (TSE: IAG):

• 11/13/2024 – iA Financial had its price target raised by analysts at CIBC from C$133.00 to C$143.00.
• 11/7/2024 – iA Financial was downgraded by analysts at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating. They now have a C$137.00 price target on the stock, up previously from C$105.00.
• 11/7/2024 – iA Financial had its price target raised by analysts at BMO Capital Markets from C$126.00 to C$140.00.
• 11/7/2024 – iA Financial had its price target raised by analysts at CIBC from C$120.00 to C$133.00.
• 11/7/2024 – iA Financial had its price target raised by analysts at Scotiabank from C$126.00 to C$143.00.
• 11/6/2024 – iA Financial had its price target raised by analysts at National Bankshares, Inc. from C$118.00 to C$121.00.
• 11/6/2024 – iA Financial had its price target raised by analysts at Cormark from C$127.00 to C$130.00.
• 11/6/2024 – iA Financial had its price target raised by analysts at TD Securities from C$132.00 to C$135.00.
• 10/30/2024 – iA Financial was upgraded by analysts at Cibc World Mkts from a “hold” rating to a “strong-buy” rating.
• 10/30/2024 – iA Financial had its price target raised by analysts at Scotiabank from C$110.00 to C$126.00. They now have an “outperform” rating on the stock.
• 10/30/2024 – iA Financial had its price target raised by analysts at CIBC from C$106.00 to C$120.00. They now have an “outperform” rating on the stock.
• 10/25/2024 – iA Financial was downgraded by analysts at National Bankshares, Inc. from an “outperform” rating to a “sector perform” rating. They now have a C$118.00 price target on the stock, up previously from C$102.00.
• 10/24/2024 – iA Financial was downgraded by analysts at National Bank Financial from a “strong-buy” rating to a “hold” rating.

iA Financial Price Performance

Shares of IAG stock opened at C$129.89 on Thursday. The business’s fifty day moving average is C$113.95 and its 200 day moving average is C$98.35. The company has a quick ratio of 0.17, a current ratio of 2.22 and a debt-to-equity ratio of 46.39. The stock has a market cap of C$12.36 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 1.26 and a beta of 1.13. iA Financial Co. Inc. has a twelve month low of C$80.95 and a twelve month high of C$134.29.

iA Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be given a $0.90 dividend. The ex-dividend date is Friday, November 22nd. This is an increase 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 2.77%. iA Financial’s dividend payout ratio is currently 43.91%.

Insider Buying and Selling

In related news, Director Denis Ricard sold 7,200 shares of the business’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. In other iA Financial news, Director Denis Ricard sold 7,200 shares of iA Financial stock in a transaction on Thursday, November 7th. The stock was sold at an average price of C$131.00, for a total transaction of C$943,200.00. Also, Senior Officer Michael Lee Stickney sold 1,000 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of C$130.60, for a total value of C$130,600.00. Insiders sold a total of 26,000 shares of company stock worth $3,379,016 in the last three months. 0.09% of the stock is owned by corporate insiders.

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.