iA Financial (TSE:IAG) Price Target Raised to C$216.00

iA Financial (TSE:IAG) had its price objective raised by National Bank Financial from C$205.00 to C$216.00 in a report published on Wednesday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other equities research analysts have also issued reports on IAG. TD lifted their price objective on shares of iA Financial from C$190.00 to C$214.00 and gave the company a “hold” rating in a research note on Tuesday, July 21st. TD Securities downgraded shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Canadian Imperial Bank of Commerce raised their target price on iA Financial from C$180.00 to C$208.00 in a report on Wednesday, July 15th. Desjardins boosted their price target on iA Financial from C$173.00 to C$174.00 and gave the stock a “hold” rating in a research report on Friday, April 17th. Finally, Scotia decreased their price target on iA Financial from C$183.00 to C$168.00 and set a “sector perform” rating for the company in a research note on Thursday, May 7th. One research analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$213.61.

iA Financial Stock Performance

Shares of TSE IAG opened at C$212.77 on Wednesday. The business has a 50 day simple moving average of C$196.02 and a 200 day simple moving average of C$175.02. iA Financial has a 52 week low of C$140.34 and a 52 week high of C$223.72. The stock has a market cap of C$18.99 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 1.26 and a beta of 0.92.

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

Insider Activity at iA Financial

In other iA Financial news, insider Pierre Miron sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of C$174.90, for a total value of C$2,623,500.00. Following the sale, the insider owned 4,900 shares of the company’s stock, valued at C$857,010. This trade represents a 75.38% decrease in their position. Also, insider Renée Laflamme sold 12,500 shares of iA Financial stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of C$211.86, for a total value of C$2,648,250.00. Following the completion of the transaction, the insider directly owned 11,645 shares in the company, valued at approximately C$2,467,109.70. This represents a 51.77% decrease in their ownership of the stock. Insiders sold a total of 52,000 shares of company stock worth $9,805,015 in the last 90 days. 0.09% of the stock is owned by company insiders.

Key Stories Impacting iA Financial

Here are the key news stories impacting iA Financial this week:

• Positive Sentiment: BMO Capital Markets raised its price target from C$215 to C$225 and maintained an “outperform” rating, implying approximately 5.8% potential upside. A TD analyst also expects the stock to rise, providing additional support for investor sentiment. iA Financial Stock Price Expected to Rise, TD Analyst Says BayStreet analyst ratings
• Neutral Sentiment: Several other analysts also increased their targets: Desjardins raised its target to C$220 but retained a “hold” rating; RBC lifted its target to C$213 with a “sector perform” rating; Scotia increased its target to C$223 while remaining at “sector perform”; and CIBC raised its target to C$220. The target increases are constructive, but the cautious ratings suggest limited conviction after the stock’s strong advance. Analyst price target revisions iA Financial analyst ratings
• Negative Sentiment: Insider Renée Laflamme sold 12,500 shares for approximately C$2.65 million, reducing her direct ownership by 51.77% to 11,645 shares. While a single insider transaction does not necessarily indicate deteriorating fundamentals, the substantial reduction may weigh on sentiment and suggests some profit-taking near elevated price levels.

iA Financial Company Profile

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