iA Financial Co. Inc. (IAG.TO) – What Are Analysts Saying About This Stock?

Shares of iA Financial Co. Inc. (TSE:IAG) have received a consensus rating of “Hold” from the nine brokerages that are currently covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$213.50.

IAG has been the subject of several research reports. Royal Bank Of Canada upped their price objective on shares of iA Financial from C$167.00 to C$213.00 and gave the company a “sector perform” rating in a research note on Thursday, August 6th. Canadian Imperial Bank of Commerce boosted their target price on iA Financial from C$208.00 to C$220.00 in a report on Thursday, August 6th. National Bank Financial dropped their price target on iA Financial from C$216.00 to C$215.00 and set a “sector perform” rating for the company in a research report on Monday, October 19th. Scotia upped their price target on iA Financial from C$198.52 to C$223.00 and gave the company a “sector perform” rating in a research report on Thursday, August 6th. Finally, BMO Capital Markets increased their price target on iA Financial from C$215.00 to C$225.00 and gave the company an “outperform” rating in a report on Thursday, August 6th.

Insiders Place Their Bets

In other iA Financial news, insider Renée Laflamme sold 12,500 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of C$211.86, for a total value of C$2,648,250.00. Following the completion of the sale, the insider directly owned 11,645 shares in the company, valued at C$2,467,109.70. This represents a 51.77% decrease in their position. Company insiders own 0.09% of the company’s stock.

iA Financial Trading Up 1.1%

Shares of iA Financial stock opened at C$215.77 on Wednesday. The firm has a market capitalization of C$19.26 billion, a PE ratio of 18.57, a P/E/G ratio of 1.26 and a beta of 0.81. iA Financial has a twelve month low of C$145.44 and a twelve month high of C$223.72. The firm’s 50-day moving average price is C$206.09 and its 200 day moving average price is C$183.78.

iA Financial (TSE:IAG) last posted its quarterly earnings data on Tuesday, August 4th. The company reported C$3.68 EPS for the quarter. iA Financial had a return on equity of 13.70% and a net margin of 8.29%. The company had revenue of C$3.05 billion during the quarter. On average, sell-side analysts predict that iA Financial will post 11.62 EPS for the current fiscal year.

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