iA Financial (TSE:IAG) Price Target Raised to C$174.00 at Desjardins

iA Financial (TSE:IAG) had its price target upped by Desjardins from C$173.00 to C$174.00 in a report published on Friday,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

IAG has been the topic of a number of other research reports. Canadian Imperial Bank of Commerce downgraded iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. BMO Capital Markets decreased their price objective on shares of iA Financial from C$185.00 to C$175.00 in a report on Thursday, February 19th. TD Securities decreased their price objective on shares of iA Financial from C$192.00 to C$189.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. TD boosted their price objective on shares of iA Financial from C$189.00 to C$193.00 and gave the company a “buy” rating in a report on Tuesday. Finally, National Bank Financial decreased their price objective on shares of iA Financial from C$190.00 to C$181.00 and set a “sector perform” rating for the company in a report on Wednesday, February 18th. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$179.63.

iA Financial Stock Up 0.9%

IAG stock opened at C$172.58 on Friday. The business’s fifty day moving average is C$157.51 and its 200-day moving average is C$164.59. The company has a market cap of C$15.67 billion, a P/E ratio of 15.29, a price-to-earnings-growth ratio of 1.26 and a beta of 0.86. iA Financial has a twelve month low of C$124.25 and a twelve month high of C$182.99.

iA Financial (TSE:IAG) last posted its quarterly earnings results on Tuesday, February 17th. The company reported C$3.10 earnings per share for the quarter. The company had revenue of C$3.23 billion for the quarter. iA Financial had a return on equity of 13.62% and a net margin of 10.11%. Research analysts anticipate that iA Financial will post 11.6187564 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Denis Ricard purchased 6,000 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were purchased at an average price of C$152.00 per share, with a total value of C$912,000.00. Following the completion of the purchase, the director owned 56,000 shares in the company, valued at C$8,512,000. This represents a 12.00% increase in their position. Also, insider Ï¿½Ric Jobin purchased 1,000 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was bought at an average cost of C$151.82 per share, for a total transaction of C$151,820.00. Following the purchase, the insider owned 1,941 shares of the company’s stock, valued at approximately C$294,682.62. This represents a 106.27% increase in their position. 0.09% of the stock is currently owned by insiders.

iA Financial Company Profile

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.