iA Financial Co. Inc. (TSE:IAG) Receives C$213.61 Average Price Target from Brokerages

Shares of iA Financial Co. Inc. (TSE:IAG) have earned a consensus recommendation of “Hold” from the nine research firms that are presently covering the stock, Marketbeat reports. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$213.61.

A number of equities analysts recently weighed in on the stock. BMO Capital Markets boosted their price objective on shares of iA Financial from C$215.00 to C$225.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Desjardins increased their price target on iA Financial from C$205.00 to C$220.00 and gave the company a “hold” rating in a report on Thursday, August 6th. Royal Bank Of Canada raised their price target 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. TD lifted their price objective on iA Financial from C$214.00 to C$218.00 and gave the stock a “hold” rating in a report on Wednesday, August 5th. Finally, National Bank Financial lifted their price objective on iA Financial from C$205.00 to C$216.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th.

iA Financial Price Performance

Shares of iA Financial stock opened at C$203.86 on Tuesday. iA Financial has a 1 year low of C$145.44 and a 1 year high of C$223.72. The company has a 50-day moving average of C$204.06 and a 200 day moving average of C$179.85. The firm has a market cap of C$18.02 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 1.26 and a beta of 0.79.

iA Financial (TSE:IAG) last issued its quarterly earnings results on Tuesday, August 4th. The company reported C$3.68 EPS for the quarter. iA Financial had a return on equity of 13.70% and a net margin of 8.29%.The firm had revenue of C$3.05 billion for the quarter. On average, equities analysts anticipate that iA Financial will post 11.6187564 EPS for the current year.

Insider Activity

In related news, insider Alain Bergeron sold 700 shares of the business’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 transaction of C$136,780.00. Also, insider Renée Laflamme sold 12,500 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of C$211.86, for a total transaction of C$2,648,250.00. Following the sale, the insider directly owned 11,645 shares of the company’s stock, valued at approximately C$2,467,109.70. This represents a 51.77% decrease in their ownership of the stock. Insiders have sold a total of 27,000 shares of company stock valued at $5,441,115 in the last ninety days. 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