iA Financial (TSE:IAG) Price Target Raised to C$205.00 at National Bank Financial

iA Financial (TSE:IAG) had its price objective boosted by stock analysts at National Bank Financial from C$179.00 to C$205.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 0.50% from the company’s current price.

Several other brokerages also recently weighed in on IAG. TD Securities downgraded iA Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Desjardins raised their price target on shares of iA Financial from C$173.00 to C$174.00 and gave the stock a “hold” rating in a report on Friday, April 17th. Scotia reduced their price objective on iA Financial from C$183.00 to C$168.00 and set a “sector perform” rating for the company in a research note on Thursday, May 7th. Scotiabank lifted their price objective on shares of iA Financial from C$168.00 to C$198.52 and gave the company a “sector perform” rating in a research note on Wednesday, July 15th. Finally, Canadian Imperial Bank of Commerce lifted their price objective on iA Financial from C$180.00 to C$208.00 in a research note on Wednesday, July 15th. Nine research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$188.72.

iA Financial Stock Down 0.9%

Shares of TSE IAG traded down C$1.78 during trading hours on Thursday, hitting C$203.99. 170,723 shares of the stock were exchanged, compared to its average volume of 336,193. iA Financial has a 12 month low of C$133.36 and a 12 month high of C$213.16. The firm has a fifty day moving average price of C$187.48 and a 200-day moving average price of C$172.53. The company has a quick ratio of 0.17, a current ratio of 0.60 and a debt-to-equity ratio of 18.46. The company has a market cap of C$18.21 billion, a PE ratio of 18.89, a PEG ratio of 1.26 and a beta of 0.91.

iA Financial (TSE:IAG) last announced its earnings results on Tuesday, May 5th. The company reported C$3.25 earnings per share for the quarter. iA Financial had a net margin of 9.87% and a return on equity of 12.80%. The company had revenue of C$2.74 billion during the quarter. On average, sell-side analysts expect that iA Financial will post 11.6187564 EPS for the current year.

Insider Buying and Selling

In related news, insider Pierre Miron sold 15,000 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of C$174.90, for a total transaction of C$2,623,500.00. Following the sale, the insider owned 4,900 shares in the company, valued at approximately C$857,010. This trade represents a 75.38% decrease in their ownership of the stock. Also, insider Alain Bergeron sold 700 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of C$195.40, for a total value of C$136,780.00. Over the last three months, insiders have sold 39,500 shares of company stock valued at $7,156,765. Corporate insiders own 0.09% of the company’s stock.

About iA Financial

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