iA Financial (TSE:IAG) Price Target Raised to C$235.00

iA Financial (TSE:IAG) had its price objective upped by BMO Capital Markets from C$225.00 to C$235.00 in a research note published on Wednesday morning,BayStreet reports. They currently have an outperform rating on the stock.

Several other equities research analysts have also issued reports on the stock. Scotia raised their target price on shares of iA Financial from C$198.52 to C$223.00 and gave the stock a “sector perform” rating in a report on Thursday, August 6th. Scotiabank boosted their price objective on iA Financial from C$168.00 to C$198.52 and gave the company a “sector perform” rating in a report on Wednesday, July 15th. National Bank Financial upped their price objective on iA Financial from C$215.00 to C$221.00 and gave the company a “sector perform” rating in a research report on Tuesday. Royal Bank Of Canada increased their target price on iA Financial from C$167.00 to C$213.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 6th. Finally, Canadian Imperial Bank of Commerce increased their target price on iA Financial from C$208.00 to C$220.00 in a research note on Thursday, August 6th. Two analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$217.17.

iA Financial Price Performance

Shares of IAG opened at C$216.19 on Wednesday. The stock has a market capitalization of C$18.83 billion, a price-to-earnings ratio of 20.38, a price-to-earnings-growth ratio of 1.26 and a beta of 0.74. The business’s 50 day simple moving average is C$210.55 and its 200-day simple moving average is C$186.53. iA Financial has a 1 year low of C$145.44 and a 1 year high of C$225.14.

iA Financial (TSE:IAG) last released its quarterly earnings data on Monday, November 9th. The company reported C$4.03 EPS for the quarter. iA Financial had a net margin of 7.71% and a return on equity of 12.43%. The business had revenue of C$3.06 billion during the quarter. On average, sell-side analysts expect that iA Financial will post 11.62 earnings per share for the current year.

iA Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 15th will be paid a $1.18 dividend. This represents a $4.72 annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, November 20th. iA Financial’s payout ratio is 39.40%.

iA Financial Company Profile

iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States. Founded in 1892, it is an important Canadian public company and is listed on the Toronto Stock Exchange under the ticker symbol IAG (common shares). To learn more about iA Financial Group, you can sign up for our newsletter on our website at ia.ca. iA Financial Group is a business name and trademark of iA Financial Corporation Inc.