iA Financial (TSE:IAG) Stock Price Expected to Rise, TD Securities Analyst Says

iA Financial (TSE:IAG) had its target price upped by stock analysts at TD Securities from C$178.00 to C$192.00 in a report released on Wednesday,BayStreet.CA reports. TD Securities’ price objective indicates a potential upside of 7.45% from the stock’s current price.

IAG has been the topic of several other reports. CIBC raised shares of iA Financial from a “neutral” rating to an “outperform” rating and increased their target price for the stock from C$175.00 to C$184.00 in a research note on Thursday, January 8th. Royal Bank Of Canada increased their price objective on shares of iA Financial from C$151.00 to C$167.00 in a research report on Thursday, November 6th. National Bankshares boosted their target price on iA Financial from C$146.00 to C$162.00 and gave the company a “sector perform” rating in a research report on Monday, October 20th. BMO Capital Markets increased their price target on iA Financial from C$170.00 to C$175.00 in a report on Thursday, November 6th. Finally, Desjardins raised their price objective on iA Financial from C$149.00 to C$163.00 and gave the company a “hold” rating in a research note on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$169.00.

iA Financial Price Performance

TSE IAG traded up C$2.28 during mid-day trading on Wednesday, reaching C$178.69. 174,780 shares of the stock were exchanged, compared to its average volume of 213,701. The stock has a market cap of C$16.47 billion, a P/E ratio of 15.35, a P/E/G ratio of 1.26 and a beta of 1.03. iA Financial has a one year low of C$115.21 and a one year high of C$182.11. The stock has a 50 day simple moving average of C$171.32 and a 200-day simple moving average of C$158.31.

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

Insider Buying and Selling at iA Financial

In other iA Financial news, insider Philippe Sarfati sold 2,318 shares of the company’s stock in a transaction dated 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 iA Financial stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of C$175.25, for a total transaction of C$525,750.00. Following the transaction, the director directly owned 50,000 shares in the company, valued at approximately C$8,762,500. This represents a 5.66% decrease in their position. In the last quarter, insiders sold 6,750 shares of company stock valued at $1,141,931. Company insiders own 0.09% of the company’s stock.

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.