iA Financial Co. Inc. (TSE:IAG) Receives C$107.25 Average Target Price from Analysts

Shares of iA Financial Co. Inc. (TSE:IAG) have been given an average recommendation of “Hold” by the seven analysts that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is C$107.25.

A number of equities analysts have recently weighed in on the company. National Bankshares downgraded iA Financial from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from C$102.00 to C$118.00 in a research note on Friday. Scotiabank boosted their price objective on iA Financial from C$100.00 to C$110.00 in a research report on Thursday, August 8th. Royal Bank of Canada raised their target price 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. TD Securities boosted their price target on shares of iA Financial from C$110.00 to C$114.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Finally, CIBC increased their price target on shares of iA Financial from C$100.00 to C$106.00 in a research report on Thursday, August 8th.

iA Financial Price Performance

Shares of TSE IAG opened at C$114.53 on Friday. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.17 and a current ratio of 2.22. The firm’s 50-day simple moving average is C$108.92 and its 200 day simple moving average is C$95.10. The stock has a market cap of C$10.90 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 1.26 and a beta of 1.13. iA Financial has a fifty-two week low of C$78.31 and a fifty-two week high of C$119.25.

iA Financial (TSE:IAG) last announced its quarterly earnings results on Tuesday, August 6th. The company reported C$2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of C$2.58 by C$0.17. iA Financial had a return on equity of 10.51% and a net margin of 9.02%. The business had revenue of C$1.64 billion during the quarter. As a group, research analysts anticipate that iA Financial will post 11.6187564 earnings per share 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 paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend was Friday, August 23rd. iA Financial’s payout ratio is currently 43.91%.

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.