iA Financial Co. Inc. (TSE:IAG) Receives C$169.00 Average Price Target from Analysts

Shares of iA Financial Co. Inc. (TSE:IAG) have been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$169.00.

Several brokerages have commented on IAG. CIBC raised iA Financial from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from C$175.00 to C$184.00 in a report on Thursday, January 8th. Desjardins raised their price objective on iA Financial from C$149.00 to C$163.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. TD Securities lifted their price objective on iA Financial from C$178.00 to C$192.00 in a research note on Wednesday, January 14th. National Bankshares upped their target price on 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. Finally, BMO Capital Markets boosted their target price on shares of iA Financial from C$170.00 to C$175.00 in a report on Thursday, November 6th.

Insider Activity at iA Financial

In related news, Director Denis Ricard sold 3,000 shares of the 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 completion of the sale, the director directly owned 50,000 shares of the company’s stock, valued at approximately C$8,762,500. This represents a 5.66% decrease in their position. Also, insider Philippe Sarfati sold 2,318 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of C$164.30, for a total value of C$380,847.40. In the last quarter, insiders sold 6,750 shares of company stock worth $1,141,931. Corporate insiders own 0.09% of the company’s stock.

iA Financial Stock Performance

IAG opened at C$171.58 on Monday. iA Financial has a 52-week low of C$115.21 and a 52-week high of C$182.99. The firm has a market cap of C$15.81 billion, a P/E ratio of 14.74, a price-to-earnings-growth ratio of 1.26 and a beta of 1.03. The business’s fifty day moving average is C$172.78 and its 200-day moving average is C$159.39.

iA Financial (TSE:IAG) last released its earnings results on Tuesday, November 4th. The company reported C$3.47 earnings per share (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. On average, research analysts predict that iA Financial will post 11.6187564 earnings per share for the current fiscal year.

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.