iA Financial Co. Inc. (TSE:IAG) Stock Now Rated "Hold" by Wall Street Analysts

Key Points

• Analyst consensus is “Hold”: Eight of nine analysts rate iA Financial shares a hold, while one recommends buying. The average 12-month price target is C$213.61, close to the stock’s C$209.85 opening price.
• Recent analysts raised their price targets to roughly C$213–C$225, with ratings ranging from “hold” and “sector perform” to one “outperform” call.
• iA Financial reported quarterly earnings of C$3.68 per share on C$3.05 billion in revenue. Insiders recently sold shares, including a 12,500-share sale by Renée Laflamme, while insiders collectively own just 0.09% of the company.

Shares of iA Financial Co. Inc. (TSE:IAG - Get Free Report) have been assigned a consensus recommendation of "Hold" from the nine ratings firms that are covering the company, MarketBeat.com reports. Eight analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$213.61.

Several equities research analysts have recently commented on IAG shares. Scotia increased their price objective on iA Financial from C$198.52 to C$223.00 and gave the company a "sector perform" rating in a report on Thursday, August 6th. TD boosted their target price on shares of iA Financial from C$214.00 to C$218.00 and gave the stock a "hold" rating in a report on Wednesday, August 5th. Royal Bank Of Canada increased their price target on shares of iA Financial from C$167.00 to C$213.00 and gave the company a "sector perform" rating in a research note on Thursday, August 6th. BMO Capital Markets lifted their price objective on shares of iA Financial from C$215.00 to C$225.00 and gave the company an "outperform" rating in a research report on Thursday, August 6th. Finally, Desjardins boosted their price objective on shares of iA Financial from C$205.00 to C$220.00 and gave the stock a "hold" rating in a research note on Thursday, August 6th.

Insider Activity

In other iA Financial news, insider Alain Bergeron sold 700 shares of the business's stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of C$195.40, for a total transaction of C$136,780.00. Also, insider Renée Laflamme sold 12,500 shares of the company's stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of C$211.86, for a total value 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 position. Company insiders own 0.09% of the company's stock.

iA Financial Stock Performance

IAG opened at C$209.85 on Friday. iA Financial has a 52-week low of C$145.44 and a 52-week high of C$223.72. The firm has a market capitalization of C$18.55 billion, a PE ratio of 18.06, a PEG ratio of 1.26 and a beta of 0.79. The business's 50-day simple moving average is C$205.89 and its 200 day simple moving average is C$185.20.

iA Financial (TSE:IAG - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported C$3.68 earnings per share for the quarter. The firm had revenue of C$3.05 billion during the quarter. iA Financial had a return on equity of 13.70% and a net margin of 8.29%. On average, research analysts forecast that iA Financial will post 11.6187564 earnings per share for the current year.

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

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