iA Financial (TSE:IAG) Price Target Raised to C$188.00

iA Financial (TSE:IAG) had its price target hoisted by Scotiabank from C$179.00 to C$188.00 in a research report released on Thursday,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

Several other equities analysts have also issued reports on the stock. Desjardins lifted their price objective 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. National Bankshares raised their price target on shares of iA Financial from C$146.00 to C$162.00 and gave the company a “sector perform” rating in a report on Monday, October 20th. Canadian Imperial Bank of Commerce downgraded shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Royal Bank Of Canada set a C$167.00 target price on shares of iA Financial and gave the company a “sector perform” rating in a research report on Monday, January 19th. Finally, BMO Capital Markets lifted their price target on shares of iA Financial from C$170.00 to C$175.00 in a report on Thursday, November 6th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$175.86.

iA Financial Trading Up 0.9%

Shares of IAG stock opened at C$172.87 on Thursday. iA Financial has a twelve month low of C$115.21 and a twelve month high of C$182.99. The stock has a fifty day simple moving average of C$173.61 and a two-hundred day simple moving average of C$161.46. The stock has a market capitalization of C$15.93 billion, a price-to-earnings ratio of 14.85, a P/E/G ratio of 1.26 and a beta of 1.02.

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

Insider Buying and Selling

In related news, Director Denis Ricard sold 3,000 shares of the company’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of C$175.25, for a total value 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. This represents a 5.66% decrease in their position. Also, insider Philippe Sarfati sold 2,318 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of C$164.30, for a total value of C$380,847.40. Insiders have sold a total of 6,750 shares of company stock worth $1,141,931 in the last 90 days. 0.09% of the stock is currently owned by company insiders.

About iA Financial

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.