iA Financial (TSE:IAG) PT Raised to C$88.00 at National Bankshares

iA Financial (TSE:IAGGet Rating) had its price target increased by investment analysts at National Bankshares from C$78.00 to C$88.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ target price would indicate a potential upside of 7.58% from the stock’s current price.

A number of other brokerages also recently commented on IAG. Royal Bank of Canada upped their price objective on shares of iA Financial from C$88.00 to C$89.00 and gave the stock an “outperform” rating in a research report on Thursday, November 10th. TD Securities upped their price target on shares of iA Financial from C$80.00 to C$81.00 and gave the stock a “buy” rating in a research note on Thursday, November 10th. Cormark upped their price target on shares of iA Financial from C$87.00 to C$95.00 in a research note on Monday. Canaccord Genuity Group lowered their price target on shares of iA Financial from C$82.00 to C$80.00 in a research note on Thursday, November 10th. Finally, CIBC upped their price target on shares of iA Financial from C$73.00 to C$74.00 in a research note on Wednesday, October 26th.

iA Financial Stock Performance

iA Financial stock traded up C$0.12 during trading hours on Wednesday, reaching C$81.80. 58,618 shares of the stock were exchanged, compared to its average volume of 188,709. The stock has a market cap of C$8.61 billion and a P/E ratio of 11.02. The company has a debt-to-equity ratio of 45.91, a quick ratio of 0.17 and a current ratio of 0.45. iA Financial has a 52-week low of C$58.70 and a 52-week high of C$85.25. The firm’s 50 day moving average is C$77.86 and its 200 day moving average is C$73.40.

iA Financial (TSE:IAGGet Rating) last announced its quarterly earnings data on Wednesday, November 9th. The company reported C$2.29 EPS for the quarter, topping analysts’ consensus estimates of C$2.26 by C$0.03. The firm had revenue of C$3.85 billion for the quarter. Analysts predict that iA Financial will post 9.1199997 EPS for the current fiscal year.

Insider Activity at iA Financial

In related news, Senior Officer Denis Ricard sold 400 shares of the stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of C$77.00, for a total value of C$30,800.00. Following the sale, the insider now directly owns 44,000 shares of the company’s stock, valued at approximately C$3,388,000. In related news, Senior Officer Michael Lee Stickney sold 1,000 shares of the stock in a transaction dated Monday, November 14th. The shares were sold at an average price of C$73.15, for a total value of C$73,153.00. Following the sale, the insider now directly owns 42,300 shares of the company’s stock, valued at approximately C$3,094,371.90. Also, Senior Officer Denis Ricard sold 400 shares of the stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of C$77.00, for a total transaction of C$30,800.00. Following the completion of the sale, the insider now directly owns 44,000 shares in the company, valued at C$3,388,000. In the last three months, insiders have sold 6,400 shares of company stock valued at $466,702.

iA Financial Company Profile

(Get Rating)

iA Financial Corporation Inc, through its subsidiary, Industrial Alliance Insurance and Financial Services Inc, provides various life and health insurance products in Canada and the United States. The company operates through Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement, US Operations, and Other segments.

Further Reading

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