iA Financial Co. Inc. (TSE:IAG) Given Consensus Rating of “Hold” by Brokerages

Shares of iA Financial Co. Inc. (TSE:IAG) have earned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the stock, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$213.61.

A number of research firms recently issued reports on IAG. Scotiabank upped their price objective on shares of iA Financial from C$168.00 to C$198.52 and gave the stock a “sector perform” rating in a research report on Wednesday, July 15th. National Bank Financial upped their price target on shares of iA Financial from C$205.00 to C$216.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. Scotia increased 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 note on Thursday, August 6th. Royal Bank Of Canada boosted their price objective on iA Financial from C$167.00 to C$213.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 6th. Finally, TD increased their target price on iA Financial from C$214.00 to C$218.00 and gave the company a “hold” rating in a research report on Wednesday, August 5th.

iA Financial Stock Performance

Shares of IAG stock opened at C$207.11 on Friday. iA Financial has a fifty-two week low of C$143.31 and a fifty-two week high of C$223.72. The stock’s fifty day moving average price is C$197.55 and its two-hundred day moving average price is C$175.56. The company has a market cap of C$18.31 billion, a PE ratio of 17.82, a P/E/G ratio of 1.26 and a beta of 0.92.

iA Financial (TSE:IAG) last posted its quarterly earnings results 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, equities analysts predict that iA Financial will post 11.6187564 EPS for the current fiscal year.

Insider Buying and Selling

In other iA Financial news, insider Alain Bergeron sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of C$195.40, for a total value of C$136,780.00. Also, insider Pierre Miron sold 15,000 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of C$174.90, for a total transaction of C$2,623,500.00. Following the transaction, the insider directly owned 4,900 shares of the company’s stock, valued at C$857,010. The trade was a 75.38% decrease in their position. Insiders have sold a total of 52,000 shares of company stock worth $9,805,015 in the last ninety days. Company insiders own 0.09% of the company’s stock.

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