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

iA Financial Co. Inc. (TSE:IAG) has received a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$107.25.

Several analysts have recently issued reports on IAG shares. CIBC upped their target price on shares of iA Financial from C$100.00 to C$106.00 in a research report on Thursday, August 8th. Royal Bank of Canada boosted their target price on iA Financial from C$102.00 to C$105.00 and gave the company a “moderate buy” rating in a research report on Thursday, August 8th. TD Securities boosted their price objective 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. National Bankshares cut shares of iA Financial from an “outperform” rating to a “sector perform” rating and lifted their price target for the stock from C$102.00 to C$118.00 in a research note on Friday. Finally, Scotiabank increased their price objective on shares of iA Financial from C$100.00 to C$110.00 in a research report on Thursday, August 8th.

iA Financial Price Performance

Shares of iA Financial stock opened at C$112.94 on Friday. The firm has a market cap of C$10.75 billion, a PE ratio of 15.12, a PEG ratio of 1.26 and a beta of 1.13. iA Financial has a 12 month low of C$77.61 and a 12 month high of C$119.25. The stock has a 50 day moving average of C$108.61 and a 200 day moving average of C$94.83. The company has a current ratio of 2.22, a quick ratio of 0.17 and a debt-to-equity ratio of 46.39.

iA Financial (TSE:IAG) last announced its quarterly earnings results on Tuesday, August 6th. The company reported C$2.75 earnings per share for the quarter, topping the consensus estimate of C$2.58 by C$0.17. iA Financial had a net margin of 9.02% and a return on equity of 10.51%. The company had revenue of C$1.64 billion for the quarter. On average, research analysts expect that iA Financial will post 11.6187564 EPS for the current fiscal year.

iA Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 23rd were paid a $0.82 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $3.28 dividend on an annualized basis and a yield of 2.90%. iA Financial’s dividend payout ratio is currently 43.91%.

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.