iA Financial Co. Inc. (TSE:IAG) Stock Has Average Price Target of C$213.61 According to Analysts

Shares of iA Financial Co. Inc. (TSE:IAG) have been assigned an average rating of “Hold” from the nine ratings firms that are presently covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$213.61.

A number of equities analysts recently issued reports on IAG shares. Desjardins boosted their target price on shares of iA Financial from C$205.00 to C$220.00 and gave the stock a “hold” rating in a research report on Thursday, August 6th. TD increased their price target on shares of iA Financial from C$214.00 to C$218.00 and gave the company a “hold” rating in a report on Wednesday, August 5th. Scotiabank raised their price target on shares of iA Financial from C$168.00 to C$198.52 and gave the stock a “sector perform” rating in a research report on Wednesday, July 15th. 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. Finally, Royal Bank Of Canada upped their price objective on shares of iA Financial from C$167.00 to C$213.00 and gave the company a “sector perform” rating in a research report on Thursday, August 6th.

Insider Transactions at iA Financial

In related news, insider Renée Laflamme sold 12,500 shares of the business’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of C$211.86, for a total transaction of C$2,648,250.00. Following the transaction, the insider directly owned 11,645 shares in the company, valued at C$2,467,109.70. The trade was a 51.77% decrease in their ownership of the stock. 0.09% of the stock is owned by corporate insiders.

iA Financial Stock Down 0.9%

IAG opened at C$207.88 on Friday. The firm has a market capitalization of C$18.37 billion, a P/E ratio of 17.89, a price-to-earnings-growth ratio of 1.26 and a beta of 0.79. The stock’s 50 day moving average price is C$205.94 and its two-hundred day moving average price is C$185.86. iA Financial has a 12-month low of C$145.44 and a 12-month high of C$223.72.

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 company had revenue of C$3.05 billion during the quarter. As a group, analysts anticipate that iA Financial will post 11.6187564 earnings per share for the current year.

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