National Bankshares Issues Positive Forecast for iA Financial (TSE:IAG) Stock Price

iA Financial (TSE:IAG) had its target price raised by National Bankshares from C$118.00 to C$121.00 in a research report report published on Wednesday morning,BayStreet.CA reports.

IAG has been the topic of a number of other research reports. CIBC raised their target price on iA Financial from C$106.00 to C$120.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Scotiabank raised their price objective on iA Financial from C$110.00 to C$126.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Cormark raised their price objective on iA Financial from C$127.00 to C$130.00 in a report on Wednesday. Cibc World Mkts raised iA Financial from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. Finally, National Bank Financial downgraded iA Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Four 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 stock. According to data from MarketBeat.com, iA Financial presently has an average rating of “Moderate Buy” and a consensus price target of C$128.50.

iA Financial Trading Down 1.8 %

Shares of IAG stock opened at C$127.99 on Wednesday. The stock’s fifty day moving average price is C$112.36 and its two-hundred day moving average price is C$97.25. The company has a market cap of C$12.18 billion, a PE ratio of 17.13, a P/E/G ratio of 1.26 and a beta of 1.13. iA Financial has a fifty-two week low of C$80.95 and a fifty-two week high of C$134.29. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.17 and a current ratio of 2.22.

iA Financial Increases Dividend

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

Insider Buying and Selling

In related news, Senior Officer Michael Lee Stickney sold 1,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of C$130.60, for a total transaction of C$130,600.00. In other 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 value of C$943,200.00. Also, Senior Officer Michael Lee Stickney sold 1,000 shares of iA Financial stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of C$130.60, for a total value of C$130,600.00. 0.09% of the stock is owned by corporate 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.