iA Financial (TSE:IAG) Upgraded at CIBC

CIBC upgraded shares of iA Financial (TSE:IAG) from a neutral rating to an outperform rating in a research report released on Thursday morning,BayStreet.CA reports. The brokerage currently has C$184.00 price objective on the stock, up from their previous price objective of C$175.00.

A number of other analysts have also issued reports on the company. Royal Bank Of Canada raised their price target on iA Financial from C$151.00 to C$167.00 in a research note on Thursday, November 6th. National Bankshares raised their target price on shares of iA Financial from C$146.00 to C$162.00 and gave the stock a “sector perform” rating in a research report on Monday, October 20th. Desjardins boosted their target price on shares of iA Financial from C$149.00 to C$163.00 and gave the company a “hold” rating in a report on Wednesday, October 15th. TD Securities upped their price target on shares of iA Financial from C$175.00 to C$178.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Finally, BMO Capital Markets increased their price target on shares of iA Financial from C$170.00 to C$175.00 in a research note on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, iA Financial currently has a consensus rating of “Moderate Buy” and an average target price of C$167.00.

iA Financial Stock Performance

IAG stock opened at C$179.67 on Thursday. The company has a 50 day moving average price of C$170.90 and a two-hundred day moving average price of C$157.78. The stock has a market capitalization of C$16.56 billion, a P/E ratio of 15.44, a PEG ratio of 1.26 and a beta of 1.03. iA Financial has a one year low of C$115.21 and a one year high of C$182.11.

iA Financial (TSE:IAG) last posted its quarterly earnings data on Tuesday, November 4th. The company reported C$3.47 earnings per share (EPS) for the quarter. The business had revenue of C$6.67 billion for the quarter. iA Financial had a return on equity of 13.73% and a net margin of 6.85%. Research analysts forecast that iA Financial will post 11.6187564 earnings per share for the current fiscal year.

Insider Activity at iA Financial

In other iA Financial news, Director Denis Ricard sold 3,000 shares of iA Financial stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of C$175.25, for a total transaction of C$525,750.00. Following the transaction, the director directly owned 50,000 shares of the company’s stock, valued at C$8,762,500. The trade was a 5.66% decrease in their ownership of the stock. Also, insider Philippe Sarfati sold 2,318 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of C$164.30, for a total transaction of C$380,847.40. Insiders sold 6,750 shares of company stock worth $1,141,931 in the last 90 days. 0.09% of the stock is currently owned by insiders.

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.