iA Financial Co. Inc. (TSE:IAG) Receives C$165.43 Average Target Price from Brokerages

Shares of iA Financial Co. Inc. (TSE:IAG) have earned an average recommendation of “Moderate Buy” from the eight research firms that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$165.43.

IAG has been the subject of several recent analyst reports. BMO Capital Markets boosted their price target on iA Financial from C$170.00 to C$175.00 in a research note on Thursday, November 6th. National Bankshares lifted their price objective on iA Financial from C$146.00 to C$162.00 and gave the stock a “sector perform” rating in a report on Monday, October 20th. Royal Bank Of Canada upped their target price on shares of iA Financial from C$151.00 to C$167.00 in a research note on Thursday, November 6th. CIBC raised their price target on shares of iA Financial from C$150.00 to C$173.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. Finally, Desjardins lifted their price target on shares of iA Financial from C$149.00 to C$163.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th.

iA Financial Stock Down 0.5%

TSE:IAG opened at C$177.86 on Thursday. The stock has a market cap of C$16.39 billion, a price-to-earnings ratio of 15.28, a PEG ratio of 1.26 and a beta of 0.90. The company’s 50 day moving average price is C$167.49 and its 200-day moving average price is C$155.26. iA Financial has a 52 week low of C$115.21 and a 52 week high of C$180.13.

iA Financial (TSE:IAG) last announced its quarterly earnings data on Tuesday, November 4th. The company reported C$3.47 earnings per share for the quarter. iA Financial had a net margin of 6.85% and a return on equity of 13.73%. The company had revenue of C$6.67 billion during the quarter. As a group, sell-side analysts anticipate that iA Financial will post 11.6187564 earnings per share for the current year.

Insider Buying and Selling

In other iA Financial news, insider Philippe Sarfati sold 2,318 shares of iA Financial stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of C$164.30, for a total value of C$380,847.40. Also, Director Denis Ricard sold 3,000 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of C$175.25, for a total transaction of C$525,750.00. Following the sale, the director owned 50,000 shares of the company’s stock, valued at approximately C$8,762,500. This represents a 5.66% decrease in their ownership of the stock. In the last ninety days, insiders sold 6,750 shares of company stock valued at $1,141,931. 0.09% of the stock is currently owned by insiders.

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.