iA Financial Co. Inc. (TSE:IAG) Given Consensus Rating of “Moderate Buy” by Analysts

iA Financial Co. Inc. (TSE:IAG) has received an average recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$149.38.

IAG has been the subject of several recent research reports. National Bankshares boosted their price target on shares of iA Financial from C$141.00 to C$146.00 and gave the company a “sector perform” rating in a report on Wednesday, August 6th. Cormark lowered shares of iA Financial from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Royal Bank Of Canada boosted their price objective on shares of iA Financial from C$142.00 to C$151.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 7th. BMO Capital Markets boosted their price objective on shares of iA Financial from C$148.00 to C$160.00 in a research note on Friday, July 11th. Finally, TD Securities boosted their price objective on shares of iA Financial from C$158.00 to C$175.00 in a research note on Wednesday.

Insider Activity at iA Financial

In related news, insider St�Phanie Butt Thibodeau sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of C$149.00, for a total transaction of C$447,000.00. Also, insider Pierre Miron sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of C$150.60, for a total transaction of C$3,011,960.00. Following the transaction, the insider owned 4,900 shares in the company, valued at C$737,930.20. The trade was a 80.32% decrease in their position. Insiders own 0.09% of the company’s stock.

iA Financial Stock Performance

TSE:IAG opened at C$158.21 on Friday. iA Financial has a one year low of C$112.23 and a one year high of C$162.94. The firm has a market cap of C$14.68 billion, a P/E ratio of 14.77, a P/E/G ratio of 1.26 and a beta of 0.89. The firm has a 50-day simple moving average of C$151.48 and a 200-day simple moving average of C$142.66.

About iA Financial

iA Financial Corp Inc is a life and health insurance company. It offers life and health insurance products, savings and retirement plans, mutual funds, securities, auto and home insurance, mortgages, and others. The company operates and manages its activities according to five main reportable operating segments Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement, and US Operations.