iA Financial (TSE:IAG) Stock Price Expected to Rise, TD Securities Analyst Says

iA Financial (TSE:IAG) had its price objective lifted by TD Securities from C$143.00 to C$146.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target suggests a potential upside of 7.86% from the stock’s current price.

A number of other equities research analysts have also issued reports on the company. National Bankshares increased their price target on iA Financial from C$118.00 to C$121.00 in a research note on Wednesday, November 6th. Scotiabank cut shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. National Bank Financial lowered iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Cormark lifted their price objective on shares of iA Financial from C$127.00 to C$130.00 in a report on Wednesday, November 6th. Finally, BMO Capital Markets increased their price target on shares of iA Financial from C$126.00 to C$140.00 in a research report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$131.25.

iA Financial Trading Up 1.9 %

TSE IAG traded up C$2.49 on Wednesday, hitting C$135.36. 368,584 shares of the company traded hands, compared to its average volume of 195,228. iA Financial has a 52-week low of C$80.95 and a 52-week high of C$141.88. The company has a market capitalization of C$12.70 billion, a price-to-earnings ratio of 12.90, a P/E/G ratio of 1.26 and a beta of 1.13. The business’s 50 day moving average price is C$131.91 and its 200-day moving average price is C$119.48.

Insider Buying and Selling at iA Financial

In other iA Financial news, Director Denis Ricard sold 5,000 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$137.00, for a total value of C$685,000.00. Also, Senior Officer Alain Bergeron sold 510 shares of the company’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of C$133.58, for a total transaction of C$68,125.80. In the last three months, insiders have sold 22,010 shares of company stock valued at $2,976,055. Insiders own 0.09% of the company’s stock.

About iA Financial

iA Financial Corporation Inc, provides insurance and wealth management services in Canada and the United States. The company operates through Insurance, Canada; Wealth Management; Investment; and US Operations segments. The company provides health, auto, home, and creditor insurance products; replacement insurance products and warranties; extended warranties and other ancillary products for dealer services; specialized products for special markets; and life insurance products and extended warranties relating to dealer services.