iA Financial (TSE:IAG) Price Target Raised to C$214.00

iA Financial (TSE:IAG) had its target price lifted by TD from C$190.00 to C$214.00 in a research report sent to investors on Tuesday,BayStreet.CA reports. TD currently has a hold rating on the stock.

Several other brokerages also recently issued reports on IAG. National Bank Financial lowered their price objective on shares of iA Financial from C$181.00 to C$179.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 6th. Scotiabank upped their target price 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. Desjardins raised their price target on shares of iA Financial from C$173.00 to C$174.00 and gave the company a “hold” rating in a report on Friday, April 17th. Scotia lowered their price target on shares of iA Financial from C$183.00 to C$168.00 and set a “sector perform” rating for the company in a report on Thursday, May 7th. Finally, Canadian Imperial Bank of Commerce boosted their price objective on shares of iA Financial from C$180.00 to C$208.00 in a report on Wednesday, July 15th. Nine analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$188.72.

iA Financial Trading Down 0.9%

Shares of IAG opened at C$203.84 on Tuesday. iA Financial has a fifty-two week low of C$133.36 and a fifty-two week high of C$213.16. The company has a market capitalization of C$18.20 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of 1.26 and a beta of 0.91. The stock has a fifty day moving average of C$188.14 and a two-hundred day moving average of C$172.72. The company has a debt-to-equity ratio of 18.46, a quick ratio of 0.17 and a current ratio of 0.60.

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

Insider Buying and Selling at iA Financial

In related news, insider Renée Laflamme sold 12,500 shares of iA Financial stock in a transaction dated Friday, June 26th. The shares were sold at an average price of C$192.81, for a total value of C$2,410,125.00. Following the sale, the insider directly owned 11,645 shares in the company, valued at C$2,245,272.45. This trade represents a 51.77% decrease in their position. Also, insider Alain Bergeron sold 700 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was 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 worth $7,156,765. 0.09% of the stock is owned by insiders.

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