iA Financial Co. Inc. (TSE:IAG – Get Free Report) shares reached a new 52-week high during trading on Tuesday . The company traded as high as C$117.93 and last traded at C$117.93, with a volume of 4943 shares changing hands. The stock had previously closed at C$117.37.
Wall Street Analysts Forecast Growth
IAG has been the topic of a number of recent analyst reports. CIBC increased their price objective on iA Financial from C$100.00 to C$106.00 in a research report on Thursday, August 8th. BMO Capital Markets raised their price target on iA Financial from C$102.00 to C$111.00 in a report on Thursday, August 8th. Royal Bank of Canada boosted their price objective on iA Financial from C$102.00 to C$105.00 and gave the stock a “moderate buy” rating in a report on Thursday, August 8th. TD Securities raised their target price on shares of iA Financial from C$110.00 to C$114.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Finally, Scotiabank boosted their price target on shares of iA Financial from C$100.00 to C$110.00 in a research note on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, iA Financial has a consensus rating of “Moderate Buy” and a consensus price target of C$105.25.
View Our Latest Stock Report on iA Financial
iA Financial Price Performance
iA Financial (TSE:IAG – Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported C$2.75 EPS for the quarter, beating analysts’ consensus estimates of C$2.58 by C$0.17. The company had revenue of C$1.64 billion during the quarter. iA Financial had a net margin of 9.02% and a return on equity of 10.51%. Research analysts anticipate that iA Financial Co. Inc. will post 11.6187564 EPS for the current fiscal year.
iA Financial Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 23rd were issued a dividend of $0.82 per share. The ex-dividend date was Friday, August 23rd. This represents a $3.28 dividend on an annualized basis and a yield of 2.79%. iA Financial’s dividend payout ratio is presently 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.
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