TD Securities Raises iA Financial (TSE:IAG) Price Target to C$146.00

iA Financial (TSE:IAG) had its price objective increased by TD Securities from C$143.00 to C$146.00 in a report published on Wednesday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Other research 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. BMO Capital Markets raised their target price on shares of iA Financial from C$126.00 to C$140.00 in a research note on Thursday, November 7th. National Bankshares lifted their price target on shares of iA Financial from C$118.00 to C$121.00 in a report on Wednesday, November 6th. CIBC increased their price objective on shares of iA Financial from C$143.00 to C$144.00 in a research note on Thursday, January 30th. Finally, Cormark raised their price objective on shares of iA Financial from C$127.00 to C$130.00 in a research report on Wednesday, November 6th. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$140.63.

iA Financial Price Performance

TSE:IAG opened at C$127.12 on Wednesday. iA Financial has a one year low of C$80.95 and a one year high of C$141.88. The business has a fifty day moving average price of C$131.62 and a 200-day moving average price of C$120.30. The firm has a market capitalization of C$11.93 billion, a price-to-earnings ratio of 12.11, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13.

iA Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.83%. iA Financial’s dividend payout ratio (DPR) is presently 31.25%.

Insider Buying and Selling

In other news, Director Denis Ricard sold 5,000 shares of iA Financial stock in a transaction dated 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 510 shares of the stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of C$133.58, for a total value of C$68,125.80. Over the last quarter, insiders sold 11,010 shares of company stock worth $1,489,142. 0.09% of the stock is owned by insiders.

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.