iA Financial (TSE:IAG) Price Target Raised to C$223.00

iA Financial (TSE:IAG) had its target price boosted by Scotia from C$198.52 to C$223.00 in a report published on Thursday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other brokerages also recently commented on IAG. TD lifted their price objective 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. Desjardins upped their target price on shares of iA Financial from C$173.00 to C$174.00 and gave the company a “hold” rating in a report on Friday, April 17th. Scotiabank raised their target price on shares of iA Financial from C$168.00 to C$198.52 and gave the company a “sector perform” rating in a research note on Wednesday, July 15th. National Bank Financial raised their target price on shares of iA Financial from C$205.00 to C$216.00 and gave the company a “sector perform” rating in a research note on Wednesday. Finally, Royal Bank Of Canada lifted their price target on iA Financial from C$167.00 to C$213.00 and gave the stock a “sector perform” rating in a report on Thursday. One equities research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, iA Financial presently has an average rating of “Hold” and a consensus price target of C$213.61.

iA Financial Stock Up 0.0%

Shares of iA Financial stock opened at C$212.77 on Thursday. The stock has a market cap of C$18.99 billion, a P/E ratio of 19.70, a P/E/G ratio of 1.26 and a beta of 0.92. iA Financial has a 12-month low of C$140.34 and a 12-month high of C$223.72. The business’s 50 day moving average is C$196.02 and its 200-day moving average is C$175.02.

iA Financial (TSE:IAG) last released its earnings results on Tuesday, August 4th. The company reported C$3.68 earnings per share for the quarter. The business had revenue of C$3.05 billion during the quarter. iA Financial had a net margin of 8.29% and a return on equity of 13.70%. On average, sell-side analysts expect that iA Financial will post 11.6187564 EPS for the current year.

Insiders Place Their Bets

In other news, insider Alain Bergeron sold 1,300 shares of the stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of C$189.20, for a total value of C$245,960.00. Also, insider Renée Laflamme sold 12,500 shares of the stock in a transaction dated 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 completion of the transaction, the insider directly owned 11,645 shares in the company, valued at C$2,467,109.70. The trade was a 51.77% decrease in their ownership of the stock. Insiders sold a total of 52,000 shares of company stock valued at $9,805,015 over the last ninety days. 0.09% of the stock is currently owned by company insiders.

Key Headlines Impacting 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 maintained an “outperform” rating, implying approximately 5.8% potential upside. A TD analyst also expects the stock to rise, providing additional support for investor sentiment. iA Financial Stock Price Expected to Rise, TD Analyst Says BayStreet analyst ratings
• Neutral Sentiment: Several other analysts also increased their targets: Desjardins raised its target to C$220 but retained a “hold” rating; RBC lifted its target to C$213 with a “sector perform” rating; Scotia increased its target to C$223 while remaining at “sector perform”; and CIBC raised its target to C$220. The target increases are constructive, but the cautious ratings suggest limited conviction after the stock’s strong advance. Analyst price target revisions iA Financial analyst ratings
• Negative Sentiment: Insider Renée Laflamme sold 12,500 shares for approximately C$2.65 million, reducing her direct ownership by 51.77% to 11,645 shares. While a single insider transaction does not necessarily indicate deteriorating fundamentals, the substantial reduction may weigh on sentiment and suggests some profit-taking near elevated price levels.

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