iA Financial (TSE:IAG) Price Target Raised to C$145.00

iA Financial (TSE:IAG) had its target price increased by Desjardins from C$140.00 to C$145.00 in a research note published on Thursday morning,BayStreet.CA reports. The firm currently has a hold rating on the stock.

IAG has been the topic of several other research reports. National Bankshares increased their price objective on shares of iA Financial from C$118.00 to C$121.00 in a research note on Wednesday, November 6th. Cormark increased their price objective on shares of iA Financial from C$127.00 to C$130.00 in a research note on Wednesday, November 6th. National Bank Financial cut shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. CIBC raised their target price on shares of iA Financial from C$144.00 to C$149.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Cibc World Mkts upgraded shares of iA Financial from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$140.63.

iA Financial Stock Down 3.3 %

Shares of TSE:IAG opened at C$129.25 on Thursday. The firm’s 50 day moving average price is C$131.75 and its 200-day moving average price is C$120.05. iA Financial has a twelve month low of C$80.95 and a twelve month high of C$141.88. The stock has a market capitalization of C$12.13 billion, a PE ratio of 12.31, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13.

iA Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 2.79%. iA Financial’s dividend payout ratio (DPR) is currently 31.25%.

Insider Buying and Selling at iA Financial

In other iA Financial news, Senior Officer Alain Bergeron sold 510 shares of the stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of C$133.58, for a total transaction of C$68,125.80. Also, Director Denis Ricard sold 5,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of C$137.00, for a total transaction of C$685,000.00. Insiders sold a total of 11,010 shares of company stock valued at $1,489,142 in the last three months. 0.09% of the stock is currently owned by corporate insiders.

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.