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

Shares of iA Financial Co. Inc. (TSE:IAG) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$107.25.

Several equities research analysts recently commented on IAG shares. CIBC lifted their price objective on iA Financial from C$100.00 to C$106.00 in a report on Thursday, August 8th. National Bankshares cut shares of iA Financial from an “outperform” rating to a “sector perform” rating and raised their target price for the stock from C$102.00 to C$118.00 in a report on Friday. National Bank Financial downgraded iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday. TD Securities raised their target price on iA Financial from C$110.00 to C$114.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, Scotiabank increased their price objective on shares of iA Financial from C$100.00 to C$110.00 in a research note on Thursday, August 8th.

iA Financial Stock Performance

Shares of iA Financial stock opened at C$112.94 on Friday. The stock has a market cap of C$10.75 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 1.26 and a beta of 1.13. The company has a debt-to-equity ratio of 46.39, a current ratio of 2.22 and a quick ratio of 0.17. iA Financial has a 1 year low of C$77.61 and a 1 year high of C$119.25. The firm’s 50-day moving average is C$108.61 and its 200 day moving average is C$94.83.

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, beating 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 during the quarter. Sell-side analysts anticipate that iA Financial will post 11.6187564 EPS for the current fiscal year.

iA Financial Announces Dividend

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

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.