iA Financial (TSE:IAG) Price Target Lowered to C$175.00 at BMO Capital Markets

iA Financial (TSE:IAG) had its price target lowered by equities research analysts at BMO Capital Markets from C$185.00 to C$175.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ price target points to a potential upside of 16.56% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. TD Securities reduced their target price on iA Financial from C$192.00 to C$189.00 and set a “buy” rating on the stock in a report on Wednesday. Royal Bank Of Canada set a C$167.00 price objective on shares of iA Financial and gave the stock a “sector perform” rating in a research note on Monday, January 19th. Canadian Imperial Bank of Commerce cut iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. National Bank Financial reduced their price objective on iA Financial from C$190.00 to C$181.00 and set a “sector perform” rating for the company in a research report on Wednesday. Finally, Scotiabank dropped their target price on iA Financial from C$188.00 to C$174.00 in a research report on Thursday. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, iA Financial has a consensus rating of “Hold” and an average price target of C$176.14.

iA Financial Stock Down 0.8%

Shares of IAG traded down C$1.20 during trading on Thursday, reaching C$150.14. The company’s stock had a trading volume of 454,526 shares, compared to its average volume of 331,561. The company has a market cap of C$13.83 billion, a price-to-earnings ratio of 12.90, a P/E/G ratio of 1.26 and a beta of 1.02. The company has a fifty day moving average of C$173.68 and a two-hundred day moving average of C$162.95. iA Financial has a twelve month low of C$115.21 and a twelve month high of C$182.99.

iA Financial (TSE:IAG) last issued its quarterly earnings results on Tuesday, February 17th. The company reported C$3.10 earnings per share (EPS) for the quarter. The business had revenue of C$3.23 billion during the quarter. iA Financial had a net margin of 6.85% and a return on equity of 13.73%. As a group, equities analysts forecast that iA Financial will post 11.6187564 EPS for the current fiscal year.

Insider Activity

In other news, Director Denis Ricard sold 3,000 shares of the company’s 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 completion of the sale, the director owned 50,000 shares in the company, valued at C$8,762,500. This represents a 5.66% decrease in their ownership of the stock. Company insiders own 0.09% of the company’s stock.

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.