iA Financial (TSE:IAG) Price Target Raised to C$143.00 at Scotiabank

iA Financial (TSE:IAG) had its price target increased by Scotiabank from C$126.00 to C$143.00 in a research report sent to investors on Thursday,BayStreet.CA reports.

Several other equities analysts have also recently weighed in on IAG. BMO Capital Markets lifted their price target on iA Financial from C$102.00 to C$111.00 in a research report on Thursday, August 8th. National Bankshares increased their price target on iA Financial from C$118.00 to C$121.00 in a report on Wednesday. Royal Bank of Canada raised their price objective on iA Financial from C$102.00 to C$105.00 and gave the company a “moderate buy” rating in a research report on Thursday, August 8th. CIBC raised their target price on shares of iA Financial from C$106.00 to C$120.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, TD Securities lifted their price objective on shares of iA Financial from C$132.00 to C$135.00 in a research note on Wednesday. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$128.50.

iA Financial Stock Down 1.7 %

IAG stock traded down C$2.19 during mid-day trading on Thursday, reaching C$128.20. The company had a trading volume of 117,378 shares, compared to its average volume of 283,610. 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 52 week low of C$80.95 and a 52 week high of C$134.29. The stock has a 50 day simple moving average of C$111.83 and a two-hundred day simple moving average of C$97.04. The company has a market capitalization of C$12.20 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 1.26 and a beta of 1.13.

iA Financial (TSE:IAG) last issued 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. The company had revenue of C$1.64 billion during the quarter. iA Financial had a return on equity of 10.51% and a net margin of 9.02%. As a group, equities analysts predict that iA Financial will post 11.6187564 earnings per share for the current fiscal year.

iA Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be paid a dividend of $0.90 per share. This is a boost from iA Financial’s previous quarterly dividend of $0.82. The ex-dividend date is Friday, November 22nd. This represents a $3.60 annualized dividend and a yield of 2.81%. iA Financial’s dividend payout ratio (DPR) is presently 43.91%.

Insider Activity

In related 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. 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.