iA Financial Co. Inc. (TSE:IAG - Get Free Report) has been assigned a consensus rating of "Hold" from the nine analysts that are presently covering the stock, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$213.61.
A number of equities research analysts have recently commented on the stock. BMO Capital Markets upped their target price on shares of iA Financial from C$215.00 to C$225.00 and gave the company an "outperform" rating in a report on Thursday, August 6th. Royal Bank Of Canada raised their price target on iA Financial from C$167.00 to C$213.00 and gave the stock a "sector perform" rating in a report on Thursday, August 6th. Canadian Imperial Bank of Commerce boosted their price target on iA Financial from C$208.00 to C$220.00 in a research report on Thursday, August 6th. Scotiabank increased their price objective on 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. Finally, TD increased their price objective on iA Financial from C$214.00 to C$218.00 and gave the stock a "hold" rating in a research report on Wednesday, August 5th.
Get Our Latest Stock Report on IAG
Insider Transactions at iA Financial
In other news, insider Renée Laflamme sold 12,500 shares of the company's stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of C$211.86, for a total transaction of C$2,648,250.00. Following the completion of the sale, the insider owned 11,645 shares in the company, valued at C$2,467,109.70. This represents a 51.77% decrease in their ownership of the stock. Also, insider Alain Bergeron sold 700 shares of the stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of C$195.40, for a total value of C$136,780.00. Insiders sold 42,000 shares of company stock worth $8,064,615 over the last 90 days. 0.09% of the stock is currently owned by insiders.
iA Financial Price Performance
Shares of iA Financial stock opened at C$197.78 on Tuesday. The firm's fifty day simple moving average is C$203.09 and its 200-day simple moving average is C$178.67. The stock has a market capitalization of C$17.48 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 1.26 and a beta of 0.92. iA Financial has a 12 month low of C$145.01 and a 12 month high of C$223.72.
iA Financial (TSE:IAG - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported C$3.68 earnings per share for the quarter. iA Financial had a net margin of 8.29% and a return on equity of 13.70%. The firm had revenue of C$3.05 billion during the quarter. Analysts anticipate that iA Financial will post 11.6187564 earnings per share for the current year.
iA Financial Company Profile
(
Get Free Report)
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
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