iA Financial (TSE:IAG) Given New C$135.00 Price Target at TD Securities

iA Financial (TSE:IAG) had its target price raised by TD Securities from C$132.00 to C$135.00 in a research report report published on Wednesday,BayStreet.CA reports.

Other analysts have also recently issued research reports about the stock. CIBC raised their target price on shares of iA Financial from C$106.00 to C$120.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. BMO Capital Markets increased their price target on shares of iA Financial from C$102.00 to C$111.00 in a research note on Thursday, August 8th. Scotiabank increased their price target on shares of iA Financial from C$110.00 to C$126.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. National Bankshares lowered shares of iA Financial from an “outperform” rating to a “sector perform” rating and increased their price target for the company from C$102.00 to C$118.00 in a research note on Friday, October 25th. Finally, Royal Bank of Canada increased their price target on shares of iA Financial from C$102.00 to C$105.00 and gave the company a “moderate buy” rating in a research note on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, iA Financial currently has an average rating of “Moderate Buy” and a consensus price target of C$128.50.

iA Financial Stock Down 1.8 %

Shares of TSE:IAG opened at C$127.99 on Wednesday. The firm’s 50 day moving average price is C$112.36 and its 200 day moving average price is C$97.25. The stock has a market cap of C$12.18 billion, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. iA Financial has a fifty-two week low of C$80.95 and a fifty-two week high of C$134.29. The company has a quick ratio of 0.17, a current ratio of 2.22 and a debt-to-equity ratio of 46.39.

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 dividend of $0.90 per share. The ex-dividend date is Friday, November 22nd. This is a positive change 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%. iA Financial’s dividend payout ratio (DPR) is 43.91%.

Insider Transactions at iA Financial

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

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.