iA Financial (TSE:IAG) Price Target Lowered to C$174.00 at Scotiabank

iA Financial (TSE:IAG) had its price target lowered by analysts at Scotiabank from C$188.00 to C$174.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Scotiabank’s target price suggests a potential upside of 15.89% from the company’s previous close.

IAG has been the topic of several other reports. National Bank Financial decreased their price objective on shares of iA Financial from C$190.00 to C$181.00 and set a “sector perform” rating on the stock in a research report on Wednesday. TD Securities dropped their price objective on iA Financial from C$192.00 to C$189.00 and set a “buy” rating for the company in a research note on Wednesday. Canadian Imperial Bank of Commerce downgraded iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. BMO Capital Markets upped their price target on iA Financial from C$170.00 to C$175.00 in a research note on Thursday, November 6th. Finally, Royal Bank Of Canada set a C$167.00 price objective on shares of iA Financial and gave the company a “sector perform” rating in a research report on Monday, January 19th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of C$176.14.

iA Financial Price Performance

iA Financial stock traded down C$1.20 during mid-day trading on Thursday, reaching C$150.14. 454,526 shares of the stock traded hands, compared to its average volume of 331,561. iA Financial has a 12-month low of C$115.21 and a 12-month high of C$182.99. The business’s 50-day moving average is C$173.68 and its 200-day moving average is C$162.95. The stock has a market capitalization of C$13.83 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of 1.26 and a beta of 1.02.

iA Financial (TSE:IAG) last posted its quarterly earnings data on Tuesday, February 17th. The company reported C$3.10 earnings per share (EPS) for the quarter. iA Financial had a net margin of 6.85% and a return on equity of 13.73%. The company had revenue of C$3.23 billion for the quarter. Equities analysts anticipate that iA Financial will post 11.6187564 EPS for the current fiscal year.

Insider Transactions at iA Financial

In other news, Director Denis Ricard sold 3,000 shares of the firm’s 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 approximately C$8,762,500. This trade represents a 5.66% decrease in their ownership of the stock. 0.09% of the stock is currently owned by company 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.