iA Financial Co. Inc. (TSE:IAG) Receives Consensus Recommendation of “Hold” from Analysts

iA Financial Co. Inc. (TSE:IAG) has earned an average rating of “Hold” from the nine analysts that are presently covering the stock, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$213.61.

A number of brokerages recently weighed in on IAG. TD Securities lowered iA Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. BMO Capital Markets raised their target price on iA Financial from C$215.00 to C$225.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. TD boosted their target price on shares of iA Financial from C$214.00 to C$218.00 and gave the stock a “hold” rating in a research report on Wednesday, August 5th. Royal Bank Of Canada upped their price target on shares of iA Financial from C$167.00 to C$213.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 6th. Finally, Scotiabank increased their price target on shares of iA Financial from C$168.00 to C$198.52 and gave the company a “sector perform” rating in a report on Wednesday, July 15th.

iA Financial Trading Down 0.3%

Shares of IAG opened at C$197.78 on Tuesday. The stock’s 50 day moving average is C$203.09 and its two-hundred day moving average is C$178.67. iA Financial has a twelve month low of C$145.01 and a twelve month high of C$223.72. The firm has a market capitalization of C$17.48 billion, a PE ratio of 17.02, a P/E/G ratio of 1.26 and a beta of 0.92.

iA Financial (TSE:IAG) last issued its earnings results on Tuesday, August 4th. The company reported C$3.68 earnings per share (EPS) 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%. On average, sell-side analysts predict that iA Financial will post 11.6187564 EPS for the current year.

Insider Buying and Selling

In other news, insider Pierre Miron sold 15,000 shares of iA Financial stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of C$174.90, for a total transaction of C$2,623,500.00. Following the completion of the sale, the insider directly owned 4,900 shares in the company, valued at approximately C$857,010. This trade represents a 75.38% decrease in their position. Also, insider Renée Laflamme sold 12,500 shares of iA Financial stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of C$211.86, for a total transaction of C$2,648,250.00. Following the sale, the insider 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. Over the last 90 days, insiders have sold 42,000 shares of company stock valued at $8,064,615. Corporate insiders own 0.09% of the company’s stock.

About iA Financial

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