Brokerages Set iA Financial Co. Inc. (TSE:IAG) PT at C$140.75

iA Financial Co. Inc. (TSE:IAG) has received an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation 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$140.75.

A number of research firms have commented on IAG. CIBC lifted their price objective on shares of iA Financial from C$144.00 to C$149.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Royal Bank of Canada boosted their price target on iA Financial from C$137.00 to C$141.00 and gave the company a “sector perform” rating in a research report on Thursday, February 20th. Cormark increased their price objective on iA Financial from C$127.00 to C$130.00 in a research report on Wednesday, November 6th. Scotiabank lowered iA Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, February 3rd. Finally, National Bankshares upped their price target on iA Financial from C$118.00 to C$121.00 in a research note on Wednesday, November 6th.

Insider Buying and Selling at iA Financial

In related news, Director Denis Ricard sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$137.00, for a total value of C$685,000.00. Also, Senior Officer Alain Bergeron sold 1,750 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of C$136.24, for a total value of C$238,428.58. Over the last quarter, insiders sold 15,510 shares of company stock valued at $2,099,864. 0.09% of the stock is owned by company insiders.

iA Financial Price Performance

Shares of iA Financial stock opened at C$126.62 on Friday. The stock has a market capitalization of C$11.88 billion, a price-to-earnings ratio of 12.06, a PEG ratio of 1.26 and a beta of 1.13. The firm’s fifty day simple moving average is C$131.79 and its 200-day simple moving average is C$122.07. iA Financial has a 12 month low of C$80.95 and a 12 month high of C$141.88.

iA Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors 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 2.84%. iA Financial’s dividend payout ratio is presently 31.25%.

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.