iA Financial Co. Inc. (TSE:IAG) Given Average Rating of “Moderate Buy” by Analysts

Shares of iA Financial Co. Inc. (TSE:IAG) have been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$169.00.

A number of equities analysts have recently issued reports on the company. TD Securities raised their price target on iA Financial from C$178.00 to C$192.00 in a research note on Wednesday, January 14th. Desjardins raised their target price on iA Financial from C$149.00 to C$163.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. National Bankshares boosted their price target on iA Financial from C$146.00 to C$162.00 and gave the company a “sector perform” rating in a research note on Monday, October 20th. Royal Bank Of Canada set a C$167.00 price objective on shares of iA Financial and gave the stock a “sector perform” rating in a report on Monday, January 19th. Finally, Cibc Captl Mkts lowered iA Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th.

Insider Buying and Selling at iA Financial

In other iA Financial news, Director Denis Ricard sold 3,000 shares of the 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 completion of the sale, the director directly owned 50,000 shares of the company’s stock, valued at C$8,762,500. This trade represents a 5.66% decrease in their position. Also, insider Philippe Sarfati sold 2,318 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of C$164.30, for a total transaction of C$380,847.40. Insiders sold a total of 6,750 shares of company stock valued at $1,141,931 in the last ninety days. 0.09% of the stock is currently owned by insiders.

iA Financial Stock Down 0.9%

IAG opened at C$168.85 on Monday. The firm has a 50 day moving average price of C$172.95 and a 200-day moving average price of C$159.85. iA Financial has a twelve month low of C$115.21 and a twelve month high of C$182.99. The stock has a market capitalization of C$15.56 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 1.26 and a beta of 1.03.

iA Financial (TSE:IAG) last issued its earnings results on Tuesday, November 4th. The company reported C$3.47 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$6.67 billion for the quarter. As a group, analysts expect that iA Financial will post 11.6187564 earnings per share for the current year.

About iA Financial

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.