iA Financial (TSE:IAG) Price Target Raised to C$218.00

iA Financial (TSE:IAG) had its target price increased by research analysts at TD from C$214.00 to C$218.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD’s price target would suggest a potential upside of 2.24% from the stock’s current price.

Other analysts have also issued reports about the stock. Scotiabank increased their price target on shares of iA Financial from C$168.00 to C$198.52 and gave the company a “sector perform” rating in a research report on Wednesday, July 15th. TD Securities downgraded shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. National Bank Financial boosted their price objective on shares of iA Financial from C$205.00 to C$216.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Scotia decreased their target price on shares of 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. Finally, Desjardins raised 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 note on Friday, April 17th. Eight analysts have rated the stock with a Hold rating, Based on data from MarketBeat, iA Financial currently has an average rating of “Hold” and a consensus target price of C$190.39.

iA Financial Stock Up 2.9%

Shares of IAG traded up C$6.10 during trading hours on Wednesday, hitting C$213.22. The company had a trading volume of 259,248 shares, compared to its average volume of 339,021. The company has a market capitalization of C$19.04 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 1.26 and a beta of 0.91. The company has a current ratio of 0.60, a quick ratio of 0.17 and a debt-to-equity ratio of 18.46. iA Financial has a one year low of C$138.38 and a one year high of C$223.72. The company’s fifty day moving average price is C$193.53 and its two-hundred day moving average price is C$174.26.

iA Financial (TSE:IAG) last issued its quarterly earnings data on Tuesday, August 4th. The company reported C$3.68 earnings per share for the quarter. iA Financial had a return on equity of 12.80% and a net margin of 9.87%. As a group, equities analysts forecast that iA Financial will post 11.6187564 earnings per share for the current fiscal year.

Insider Buying and Selling at iA Financial

In related news, insider Pierre Miron sold 15,000 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of C$174.90, for a total value of C$2,623,500.00. Following the completion of the transaction, the insider directly owned 4,900 shares in the company, valued at C$857,010. The trade was a 75.38% decrease in their position. Also, insider Alain Bergeron sold 1,300 shares of the company’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of C$189.20, for a total transaction of C$245,960.00. In the last quarter, insiders sold 39,500 shares of company stock worth $7,156,765. Insiders own 0.09% of the company’s stock.

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