Analysts Set iA Financial Co. Inc. (TSE:IAG) Target Price at C$177.78

Shares of iA Financial Co. Inc. (TSE:IAG) have been assigned an average recommendation of “Hold” from the nine analysts that are currently covering the company, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold rating. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$183.17.

Several research firms recently weighed in on IAG. National Bank Financial decreased their price objective on shares of iA Financial from C$181.00 to C$179.00 and set a “sector perform” rating for the company in a report on Wednesday, May 6th. TD cut iA Financial from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$193.00 to C$190.00 in a research note on Wednesday, May 6th. Scotiabank lifted their price objective 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. Canadian Imperial Bank of Commerce lifted their price target on iA Financial from C$180.00 to C$208.00 in a research report on Wednesday. Finally, Desjardins boosted their price objective on iA Financial from C$173.00 to C$174.00 and gave the company a “hold” rating in a research note on Friday, April 17th.

Insider Buying and Selling at iA Financial

In related news, insider Alain Bergeron sold 700 shares of the stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of C$195.40, for a total transaction of C$136,780.00. Also, insider Pierre Miron sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of C$174.90, for a total transaction of C$2,623,500.00. Following the completion of the transaction, the insider owned 4,900 shares in the company, valued at C$857,010. This represents a 75.38% decrease in their position. Insiders have sold a total of 39,500 shares of company stock valued at $7,156,765 in the last 90 days. Corporate insiders own 0.09% of the company’s stock.

iA Financial Stock Performance

TSE:IAG opened at C$208.22 on Monday. 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 twelve month low of C$133.36 and a twelve month high of C$211.06. The company has a fifty day moving average of C$185.20 and a 200-day moving average of C$171.99. The firm has a market capitalization of C$18.59 billion, a P/E ratio of 19.28, a P/E/G ratio of 1.26 and a beta of 0.91.

iA Financial (TSE:IAG) last issued its earnings results on Tuesday, May 5th. The company reported C$3.25 earnings per share for the quarter. iA Financial had a return on equity of 12.80% and a net margin of 9.87%.The company had revenue of C$2.74 billion for the quarter. As a group, sell-side analysts anticipate that iA Financial will post 11.6187564 EPS for the current 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