iA Financial (TSE:IAG) Given New C$181.00 Price Target at National Bank Financial

iA Financial (TSE:IAG) had its price target dropped by analysts at National Bank Financial from C$190.00 to C$181.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 21.13% from the company’s previous close.

Several other research analysts have also recently issued reports on IAG. Royal Bank Of Canada set a C$167.00 target price on iA Financial and gave the company a “sector perform” rating in a research report on Monday, January 19th. Canadian Imperial Bank of Commerce downgraded shares of iA Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. TD Securities increased their target price on shares of iA Financial from C$178.00 to C$192.00 in a report on Wednesday, January 14th. BMO Capital Markets boosted their price target on shares of iA Financial from C$170.00 to C$175.00 in a report on Thursday, November 6th. Finally, Scotiabank lifted their target price on shares of iA Financial from C$179.00 to C$188.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, iA Financial presently has an average rating of “Hold” and a consensus price target of C$178.14.

iA Financial Stock Down 12.1%

IAG traded down C$20.63 during trading on Wednesday, hitting C$149.43. 882,276 shares of the company’s stock were exchanged, compared to its average volume of 314,609. iA Financial has a fifty-two week low of C$115.21 and a fifty-two week high of C$182.99. The stock has a market cap of C$13.77 billion, a P/E ratio of 12.84, a PEG ratio of 1.26 and a beta of 1.02. The business’s 50 day moving average is C$174.07 and its two-hundred day moving average is C$163.03.

iA Financial (TSE:IAG) last posted its earnings results on Tuesday, February 17th. The company reported C$3.10 EPS 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$3.23 billion during the quarter. On average, sell-side analysts forecast that iA Financial will post 11.6187564 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Denis Ricard sold 3,000 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of C$175.25, for a total value of C$525,750.00. Following the sale, the director owned 50,000 shares in the company, valued at approximately C$8,762,500. This trade represents a 5.66% decrease in their ownership of the stock. 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.