National Bank Financial Cuts iA Financial (TSE:IAG) Price Target to C$179.00

iA Financial (TSE:IAG) had its price target reduced by National Bank Financial from C$181.00 to C$179.00 in a research report released on Wednesday,BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the stock.

Other equities research analysts have also issued research reports about the company. TD lowered iA Financial from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$193.00 to C$190.00 in a research note on Wednesday. Royal Bank Of Canada set a C$167.00 price objective on iA Financial and gave the company a “sector perform” rating in a research note on Monday, January 19th. Desjardins lifted 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. Scotia lifted their price target on iA Financial from C$174.00 to C$183.00 in a research note on Wednesday, April 29th. Finally, TD Securities dropped their price target on iA Financial from C$192.00 to C$189.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. Nine equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$177.78.

iA Financial Price Performance

TSE:IAG opened at C$166.09 on Wednesday. The firm has a market capitalization of C$15.08 billion, a price-to-earnings ratio of 15.38, a P/E/G ratio of 1.26 and a beta of 0.92. iA Financial has a 52-week low of C$133.00 and a 52-week high of C$182.99. The stock has a fifty day moving average of C$159.82 and a 200 day moving average of C$165.80. The company has a debt-to-equity ratio of 18.46, a quick ratio of 0.17 and a current ratio of 0.60.

iA Financial (TSE:IAG) last posted its quarterly earnings data on Tuesday, May 5th. The company reported C$3.25 earnings per share (EPS) for the quarter. The company had revenue of C$2.74 billion during the quarter. iA Financial had a return on equity of 12.80% and a net margin of 9.87%. On average, research analysts expect that iA Financial will post 11.6187564 EPS for the current fiscal year.

Insider Activity

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