iA Financial Co. Inc. (TSE:IAG) Receives Average Rating of “Hold” from Brokerages

Shares of iA Financial Co. Inc. (TSE:IAG) have been given an average recommendation of “Hold” by the nine brokerages that are currently covering the company, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$177.78.

Several analysts have commented on the company. Desjardins raised their price objective on iA Financial from C$173.00 to C$174.00 and gave the company a “hold” rating in a report on Friday, April 17th. National Bank Financial dropped their price objective on iA Financial from C$181.00 to C$179.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 6th. Scotia dropped their price objective 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. TD lowered iA Financial from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$193.00 to C$190.00 in a report on Wednesday, May 6th. Finally, Scotiabank dropped their price objective on iA Financial from C$188.00 to C$174.00 in a report on Thursday, February 19th.

iA Financial Trading Up 1.9%

Shares of TSE:IAG opened at C$189.15 on Thursday. iA Financial has a 52-week low of C$133.36 and a 52-week high of C$190.14. The stock has a market cap of C$16.89 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 1.26 and a beta of 0.97. The company has a quick ratio of 0.17, a current ratio of 0.60 and a debt-to-equity ratio of 18.46. The business has a 50-day moving average price of C$172.60 and a 200-day moving average price of C$167.87.

iA Financial (TSE:IAG) last announced its quarterly earnings data on Tuesday, May 5th. The company reported C$3.25 earnings per share (EPS) for the quarter. The firm had revenue of C$2.74 billion during the quarter. iA Financial had a return on equity of 12.80% and a net margin of 9.87%. Equities analysts predict that iA Financial will post 11.6187564 EPS for the current year.

Insider Buying and Selling

In other news, insider Renée Laflamme sold 10,000 shares of iA Financial stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of C$174.04, for a total value of C$1,740,400.00. Following the sale, the insider directly owned 11,645 shares of the company’s stock, valued at C$2,026,695.80. The trade was a 46.20% decrease in their ownership of the stock. Also, insider Pierre Miron sold 15,000 shares of iA Financial stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of C$174.90, for a total value of C$2,623,500.00. Following the completion of the sale, the insider directly owned 4,900 shares in the company, valued at C$857,010. This represents a 75.38% decrease in their ownership of the stock. 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