iA Financial Co. Inc. (TSE:IAG) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

iA Financial Co. Inc. (TSE:IAG) has been assigned an average rating of “Moderate Buy” from the nine research firms that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$129.75.

IAG has been the subject of a number of recent analyst reports. National Bank Financial cut shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. CIBC lifted their price target on shares of iA Financial from C$133.00 to C$143.00 in a research report on Wednesday, November 13th. Cormark lifted their price target on shares of iA Financial from C$127.00 to C$130.00 in a research report on Wednesday, November 6th. Royal Bank of Canada lowered shares of iA Financial from an “outperform” rating to a “sector perform” rating and lifted their price objective for the stock from C$105.00 to C$137.00 in a research note on Thursday, November 7th. Finally, National Bankshares lifted their price target on shares of iA Financial from C$118.00 to C$121.00 in a research note on Wednesday, November 6th.

iA Financial Price Performance

TSE:IAG opened at C$133.09 on Wednesday. The stock has a market cap of C$12.66 billion, a P/E ratio of 17.82, a PEG ratio of 1.26 and a beta of 1.13. iA Financial has a one year low of C$80.95 and a one year high of C$134.29. The company has a fifty day moving average price of C$116.17 and a 200 day moving average price of C$99.69. 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 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be issued a $0.90 dividend. This is a boost from iA Financial’s previous quarterly dividend of $0.82. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Friday, November 22nd. iA Financial’s dividend payout ratio (DPR) is currently 43.91%.

Insider Buying and Selling at iA Financial

In other iA Financial news, Director Denis Ricard sold 7,200 shares of iA Financial stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of C$131.00, for a total transaction of C$943,200.00. Also, Senior Officer Pierre Miron sold 15,000 shares of iA Financial stock in a transaction dated Monday, November 11th. The shares were sold at an average price of C$129.23, for a total value of C$1,938,415.50. In the last three months, insiders have sold 36,000 shares of company stock worth $4,699,016. 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.