iA Financial (TSE:IAG) Price Target Raised to C$144.00 at CIBC

iA Financial (TSE:IAG) had its target price hoisted by CIBC from C$143.00 to C$144.00 in a report published on Thursday morning,BayStreet.CA reports.

Several other equities analysts also recently issued reports on IAG. National Bank Financial downgraded shares of iA Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Royal Bank of Canada downgraded shares of iA Financial from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from C$105.00 to C$137.00 in a report on Thursday, November 7th. Cormark upped their price objective on shares of iA Financial from C$127.00 to C$130.00 in a report on Wednesday, November 6th. National Bankshares upped their price objective on shares of iA Financial from C$118.00 to C$121.00 in a report on Wednesday, November 6th. Finally, Cibc World Mkts upgraded shares of iA Financial from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, iA Financial currently has an average rating of “Moderate Buy” and an average target price of C$129.88.

iA Financial Trading Down 0.2 %

TSE IAG opened at C$135.82 on Thursday. iA Financial has a 12 month low of C$80.95 and a 12 month high of C$138.01. The company’s 50-day moving average price is C$132.70 and its 200-day moving average price is C$115.61. The stock has a market cap of C$12.92 billion, a PE ratio of 18.18, a PEG ratio of 1.26 and a beta of 1.13. The company has a current ratio of 2.22, a quick ratio of 0.17 and a debt-to-equity ratio of 46.39.

iA Financial (TSE:IAG) last released its quarterly earnings data on Tuesday, November 5th. The company reported C$2.93 earnings per share for the quarter, topping analysts’ consensus estimates of C$2.63 by C$0.30. iA Financial had a net margin of 9.02% and a return on equity of 10.51%. Equities research analysts forecast that iA Financial will post 11.6187564 earnings per share for the current year.

iA Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 22nd were 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 of this dividend was Friday, November 22nd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.65%. iA Financial’s dividend payout ratio (DPR) is presently 43.91%.

Insider Transactions at iA Financial

In other news, Director Denis Ricard sold 5,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$137.00, for a total transaction of C$685,000.00. Also, Senior Officer Alain Bergeron sold 510 shares of the firm’s stock in a transaction 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. Insiders have sold 58,010 shares of company stock valued at $7,675,070 in the last 90 days. 0.09% of the stock is currently owned by company 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.