iA Financial (TSE:IAG) Price Target Raised to C$150.00

iA Financial (TSE:IAG) had its price target upped by BMO Capital Markets from C$140.00 to C$150.00 in a report published on Thursday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other analysts also recently issued research reports about the company. Scotiabank downgraded iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. National Bank Financial downgraded iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Cibc World Mkts upgraded iA Financial from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. TD Securities upped their price target on iA Financial from C$143.00 to C$146.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Cormark increased their target price on iA Financial from C$127.00 to C$130.00 in a research note on Wednesday, November 6th. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, iA Financial presently has a consensus rating of “Moderate Buy” and an average target price of C$140.63.

iA Financial Stock Performance

IAG opened at C$129.25 on Thursday. The company has a market cap 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. The stock has a 50-day moving average of C$131.75 and a 200-day moving average of C$120.05. iA Financial has a 52-week low of C$80.95 and a 52-week high of C$141.88.

iA Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.79%. iA Financial’s dividend payout ratio is 31.25%.

Insider Buying and Selling at iA Financial

In other news, Director Denis Ricard sold 5,000 shares of iA Financial stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of C$137.00, for a total transaction of C$685,000.00. Also, Senior Officer Alain Bergeron sold 2,750 shares of the stock in a transaction dated Friday, December 27th. The stock was sold at an average price of C$133.64, for a total transaction of C$367,515.78. Insiders sold a total of 11,010 shares of company stock valued at $1,489,142 in the last quarter. Corporate insiders own 0.09% of the company’s stock.

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.