iA Financial (TSE:IAG) Downgraded by TD to “Hold”

iA Financial (TSE:IAG) was downgraded by stock analysts at TD from a “buy” rating to a “hold” rating in a report released on Wednesday,BayStreet.CA reports. They presently have a C$190.00 price objective on the stock, down from their prior price objective of C$193.00. TD’s price target suggests a potential upside of 19.59% from the company’s previous close.

A number of other analysts have also recently commented on IAG. Royal Bank Of Canada set a C$167.00 price target on iA Financial and gave the stock a “sector perform” rating in a research report on Monday, January 19th. BMO Capital Markets dropped their price target on iA Financial from C$185.00 to C$175.00 in a research report on Thursday, February 19th. Canadian Imperial Bank of Commerce cut iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Scotia boosted their price target on iA Financial from C$174.00 to C$183.00 in a research report on Wednesday, April 29th. Finally, Desjardins boosted their price target on iA Financial from C$173.00 to C$174.00 and gave the stock a “hold” rating in a research report on Friday, April 17th. One research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$179.44.

iA Financial Stock Down 9.7%

Shares of IAG traded down C$17.12 during trading hours on Wednesday, hitting C$158.88. The company had a trading volume of 580,401 shares, compared to its average volume of 357,144. iA Financial has a 52-week low of C$129.24 and a 52-week high of C$182.99. The firm has a market cap of C$14.43 billion, a P/E ratio of 14.07, a P/E/G ratio of 1.26 and a beta of 0.92. The stock’s 50 day moving average price is C$159.56 and its 200 day moving average price is C$165.73.

iA Financial (TSE:IAG) last announced its quarterly earnings results on Tuesday, May 5th. The company reported C$3.25 earnings per share (EPS) for the quarter. iA Financial had a return on equity of 13.62% and a net margin of 10.11%.The company had revenue of C$2.74 billion for the quarter. On average, research analysts expect that iA Financial will post 11.6187564 EPS for the current fiscal year.

Insider Buying and Selling at iA Financial

In other iA Financial news, insider Ï¿½Ric Jobin bought 1,000 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were acquired at an average cost of C$151.82 per share, for a total transaction of C$151,820.00. Following the purchase, the insider owned 1,941 shares in the company, valued at approximately C$294,682.62. This trade represents a 106.27% increase in their position. Also, Director Denis Ricard bought 6,000 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were acquired at an average price of C$152.00 per share, for a total transaction of C$912,000.00. Following the completion of the purchase, the director owned 56,000 shares in the company, valued at approximately C$8,512,000. The trade was a 12.00% increase in their position. Company 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