iA Financial Co. Inc. (TSE:IAG) Stock Has Consensus Target Price of C$213.61 According to Analysts

iA Financial Co. Inc. (TSE:IAG) has been given a consensus recommendation of “Hold” by the nine brokerages that are presently covering the stock, MarketBeat reports. Eight equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$213.61.

A number of research analysts recently weighed in on IAG shares. Scotia lifted their price objective on shares of iA Financial from C$198.52 to C$223.00 and gave the company a “sector perform” rating in a report on Thursday, August 6th. BMO Capital Markets raised their price target on shares of iA Financial from C$215.00 to C$225.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. National Bank Financial increased their price objective on iA Financial from C$205.00 to C$216.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 5th. Desjardins lifted their target price on iA Financial from C$205.00 to C$220.00 and gave the company a “hold” rating in a report on Thursday, August 6th. Finally, Canadian Imperial Bank of Commerce boosted their target price on iA Financial from C$208.00 to C$220.00 in a research note on Thursday, August 6th.

iA Financial Stock Up 1.2%

Shares of TSE IAG opened at C$205.37 on Friday. The firm has a market cap of C$18.15 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 1.26 and a beta of 0.79. iA Financial has a 52-week low of C$145.44 and a 52-week high of C$223.72. The business’s 50 day moving average is C$205.88 and its two-hundred day moving average is C$187.16.

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. The business had revenue of C$3.05 billion during the quarter. iA Financial had a return on equity of 13.70% and a net margin of 8.29%. Analysts anticipate that iA Financial will post 11.6187564 EPS for the current fiscal year.

Insider Activity

In other news, insider Renée Laflamme sold 12,500 shares of the business’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of C$211.86, for a total transaction of C$2,648,250.00. Following the completion of the transaction, the insider directly owned 11,645 shares of the company’s stock, valued at approximately C$2,467,109.70. The trade was a 51.77% decrease in their ownership of the stock. 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