iA Financial (TSE:IAG) Price Target Raised to C$205.00

iA Financial (TSE:IAG) had its target price increased by National Bank Financial from C$179.00 to C$205.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other brokerages have also recently commented on IAG. Scotia dropped 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 report on Thursday, May 7th. Canadian Imperial Bank of Commerce raised their price objective on iA Financial from C$180.00 to C$208.00 in a report on Wednesday, July 15th. TD Securities cut shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Scotiabank upped their target price on shares of iA Financial from C$168.00 to C$198.52 and gave the stock a “sector perform” rating in a report on Wednesday, July 15th. Finally, Desjardins increased their target price on shares of iA Financial from C$173.00 to C$174.00 and gave the company a “hold” rating in a research report on Friday, April 17th. Nine investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, iA Financial presently has a consensus rating of “Hold” and a consensus price target of C$188.72.

iA Financial Price Performance

iA Financial stock opened at C$205.10 on Thursday. The company has a debt-to-equity ratio of 18.46, a current ratio of 0.60 and a quick ratio of 0.17. iA Financial has a 1 year low of C$133.36 and a 1 year high of C$213.16. The stock has a market cap of C$18.31 billion, a price-to-earnings ratio of 18.99, a price-to-earnings-growth ratio of 1.26 and a beta of 0.91. The firm has a 50-day moving average of C$188.83 and a two-hundred day moving average of C$172.95.

iA Financial (TSE:IAG) last posted its quarterly earnings data on Tuesday, May 5th. The company reported C$3.25 EPS for the quarter. iA Financial had a return on equity of 12.80% and a net margin of 9.87%.The company had revenue of C$2.74 billion during the quarter. On average, research analysts forecast that iA Financial will post 11.6187564 earnings per share for the current year.

Insider Activity

In other iA Financial news, insider Pierre Miron sold 15,000 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of C$174.90, for a total transaction of C$2,623,500.00. Following the completion of 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 ownership of the stock. Also, insider Renée Laflamme sold 12,500 shares of the firm’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of C$192.81, for a total value of C$2,410,125.00. Following the sale, the insider directly owned 11,645 shares of the company’s stock, valued at approximately C$2,245,272.45. This trade represents a 51.77% decrease in their position. In the last 90 days, insiders have sold 39,500 shares of company stock valued at $7,156,765. 0.09% of the stock is currently owned by company insiders.

About iA Financial

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