iA Financial (TSE:IAG) Stock Price Expected to Rise, National Bank Financial Analyst Says

iA Financial (TSE:IAG) had its price target raised by research analysts at National Bank Financial from C$205.00 to C$216.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 1.30% from the stock’s current price.

IAG has been the topic of a number of other research reports. TD upped their price target on iA Financial from C$190.00 to C$214.00 and gave the company a “hold” rating in a research report on Tuesday, July 21st. Desjardins raised their price objective on iA Financial from C$173.00 to C$174.00 and gave the stock a “hold” rating in a research report on Friday, April 17th. TD Securities lowered iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Scotia reduced their target price on iA Financial from C$183.00 to C$168.00 and set a “sector perform” rating on the stock in a report on Thursday, May 7th. Finally, Canadian Imperial Bank of Commerce increased their target price on shares of iA Financial from C$180.00 to C$208.00 in a research report on Wednesday, July 15th. Eight research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$190.39.

iA Financial Trading Up 2.9%

Shares of TSE:IAG traded up C$6.10 during mid-day trading on Wednesday, reaching C$213.22. 259,248 shares of the company’s stock were exchanged, compared to its average volume of 339,021. The firm has a market capitalization of C$19.04 billion, a price-to-earnings ratio of 19.74, a PEG ratio of 1.26 and a beta of 0.91. The business’s fifty day moving average price is C$193.53 and its 200-day moving average price is C$174.26. The company has a debt-to-equity ratio of 18.46, a quick ratio of 0.17 and a current ratio of 0.60. iA Financial has a twelve month low of C$138.38 and a twelve month high of C$223.72.

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 net margin of 9.87% and a return on equity of 12.80%. On average, research analysts predict that iA Financial will post 11.6187564 EPS for the current fiscal year.

Insider Activity

In related news, insider Renée Laflamme sold 12,500 shares of the company’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of C$192.81, for a total transaction of C$2,410,125.00. Following the sale, the insider owned 11,645 shares in the company, valued at C$2,245,272.45. This represents a 51.77% decrease in their position. Also, insider Alain Bergeron sold 1,300 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of C$189.20, for a total value of C$245,960.00. Insiders have sold 39,500 shares of company stock valued at $7,156,765 in the last ninety days. 0.09% of the stock is owned by company insiders.

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