iA Financial Co. Inc. (TSE:IAG) Given Consensus Recommendation of “Hold” by Brokerages

Shares of iA Financial Co. Inc. (TSE:IAG) have been assigned a consensus rating of “Hold” from the nine analysts that are covering the firm, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is C$213.61.

A number of research firms have weighed in on IAG. Desjardins raised their price objective on shares of iA Financial from C$205.00 to C$220.00 and gave the company a “hold” rating in a research note on Thursday. TD raised their price target on shares of iA Financial from C$214.00 to C$218.00 and gave the company a “hold” rating in a research report on Wednesday. TD Securities downgraded iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Scotia boosted their price objective on iA Financial from C$198.52 to C$223.00 and gave the stock a “sector perform” rating in a report on Thursday. Finally, National Bank Financial increased their price objective on iA Financial from C$205.00 to C$216.00 and gave the stock a “sector perform” rating in a research note on Wednesday.

Insider Activity at iA Financial

In related news, insider Renée Laflamme sold 12,500 shares of the company’s stock in a transaction on 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 completion of the sale, the insider owned 11,645 shares in the company, valued at approximately C$2,245,272.45. This represents a 51.77% decrease in their ownership of the stock. Also, insider Pierre Miron sold 15,000 shares of the stock in a transaction on Friday, June 5th. The shares were 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 of the company’s stock, valued at C$857,010. The trade was a 75.38% decrease in their ownership of the stock. Insiders have sold a total of 39,500 shares of company stock valued at $7,156,765 over the last 90 days. Insiders own 0.09% of the company’s stock.

iA Financial Trading Down 0.1%

TSE IAG opened at C$212.74 on Friday. The company has a quick ratio of 0.17, a current ratio of 0.60 and a debt-to-equity ratio of 18.46. iA Financial has a 52 week low of C$140.34 and a 52 week high of C$223.72. The business has a 50 day moving average price of C$195.21 and a 200-day moving average price of C$174.75. The company has a market cap of C$18.99 billion, a price-to-earnings ratio of 19.70, 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. iA Financial had a return on equity of 12.80% and a net margin of 9.87%. As a group, equities analysts expect that iA Financial will post 11.6187564 earnings per share for the current fiscal year.

Trending Headlines about iA Financial

Here are the key news stories impacting iA Financial this week:

• Positive Sentiment: BMO Capital Markets raised its price target from C$215 to C$225 and kept an “outperform” rating, implying approximately 5.4% upside. BayStreet.CA analyst ratings
• Positive Sentiment: Scotia increased its target from C$198.52 to C$223, representing roughly 4.5% upside, while retaining a “sector perform” rating. Ticker Report analyst update
• Positive Sentiment: Desjardins lifted its target from C$205 to C$220, with a “hold” rating and approximately 3.1% upside. BayStreet.CA analyst ratings
• Positive Sentiment: CIBC raised its target from C$208 to C$220, also indicating about 3.1% upside. BayStreet.CA analyst ratings
• Positive Sentiment: TD increased its target from C$214 to C$218, while National Bank Financial raised its target from C$205 to C$216. Both retained “hold” or “sector perform” recommendations. BayStreet.CA analyst ratings
• Neutral Sentiment: RBC raised its target substantially, from C$167 to C$213, but its “sector perform” rating leaves essentially no material upside at the current valuation. BayStreet.CA analyst ratings

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